Andra AP fonden Sells 385,900 Shares of Kimco Realty Corporation $KIM

Andra AP fonden decreased its position in shares of Kimco Realty Corporation (NYSE:KIM) by 57.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,600 shares of the real estate investment trust’s stock after selling 385,900 shares during the quarter. Andra AP fonden’s holdings in Kimco Realty were worth $6,350,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KIM. Quent Capital LLC acquired a new position in shares of Kimco Realty in the 3rd quarter valued at approximately $27,000. City Holding Co. acquired a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $30,000. CYBER HORNET ETFs LLC bought a new position in Kimco Realty in the second quarter valued at approximately $37,000. Lavaca Capital LLC raised its position in Kimco Realty by 869.5% during the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,739 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Kimco Realty during the second quarter valued at approximately $42,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $23.50 target price on Kimco Realty in a report on Monday, January 5th. Citigroup dropped their price objective on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Scotiabank decreased their target price on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Barclays restated an “overweight” rating and issued a $25.00 price target on shares of Kimco Realty in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.18.

Kimco Realty Stock Performance

NYSE:KIM opened at $23.54 on Friday. The stock’s 50-day moving average is $21.32 and its 200-day moving average is $21.29. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $23.91. The company has a current ratio of 3.31, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15.87 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, March 6th. Kimco Realty’s dividend payout ratio is 128.40%.

Kimco Realty Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.