BI Asset Management Fondsmaeglerselskab A S Buys 11,228 Shares of Kimco Realty Corp (NYSE:KIM)

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Kimco Realty Corp (NYSE:KIMFree Report) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,293 shares of the real estate investment trust’s stock after acquiring an additional 11,228 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kimco Realty were worth $944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Kimco Realty during the fourth quarter worth $27,000. Headlands Technologies LLC purchased a new stake in Kimco Realty during the fourth quarter valued at $27,000. Principal Securities Inc. purchased a new stake in Kimco Realty during the fourth quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Kimco Realty during the third quarter valued at $27,000. Finally, Criterion Capital Advisors LLC purchased a new stake in Kimco Realty during the fourth quarter valued at $33,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.1 %

KIM stock opened at $19.00 on Thursday. 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 12 month low of $16.34 and a 12 month high of $22.83. The firm’s 50-day moving average is $18.79 and its 200 day moving average is $19.61. The company has a market capitalization of $12.81 billion, a PE ratio of 35.85, a P/E/G ratio of 3.69 and a beta of 1.46.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s payout ratio is 181.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KIM shares. Truist Financial decreased 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 note on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Robert W. Baird reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Citigroup reissued a “neutral” rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Finally, Mizuho reduced their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Hold” and an average price target of $21.61.

Get Our Latest Stock Report on Kimco Realty

Kimco Realty Company Profile

(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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