Sumitomo Mitsui Trust Holdings Inc. Has $71.72 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Kimco Realty Corp (NYSE:KIMFree Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,657,448 shares of the real estate investment trust’s stock after selling 180,543 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.54% of Kimco Realty worth $71,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Kimco Realty in the fourth quarter valued at $27,000. Headlands Technologies LLC bought a new stake in Kimco Realty during the fourth quarter valued at $27,000. Principal Securities Inc. bought a new stake in Kimco Realty during the fourth quarter valued at $29,000. Criterion Capital Advisors LLC bought a new stake in Kimco Realty during the fourth quarter valued at $33,000. Finally, Mather Group LLC. bought a new stake in Kimco Realty during the first quarter valued at $82,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Up 0.1 %

KIM opened at $19.28 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 1.86. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83. The firm has a market capitalization of $13.00 billion, a PE ratio of 36.38, a P/E/G ratio of 3.73 and a beta of 1.51. The company’s 50-day moving average is $18.94 and its 200 day moving average is $19.47.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.24 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.98%. Kimco Realty’s dividend payout ratio is presently 181.14%.

Wall Street Analyst Weigh In

KIM has been the topic of a number of research analyst reports. Truist Financial cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. Bank of America reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Citigroup reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Robert W. Baird cut their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Finally, Mizuho cut their price objective on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.52.

View Our Latest Report on KIM

About Kimco Realty

(Free Report)

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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