Cwm LLC Acquires 1,788 Shares of Kimco Realty Corp (NYSE:KIM)

Cwm LLC boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,388 shares of the real estate investment trust’s stock after purchasing an additional 1,788 shares during the quarter. Cwm LLC’s holdings in Kimco Realty were worth $221,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Kimco Realty by 6.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock worth $15,375,000 after acquiring an additional 55,450 shares during the period. Xponance Inc. raised its holdings in shares of Kimco Realty by 9.3% in the 3rd quarter. Xponance Inc. now owns 92,300 shares of the real estate investment trust’s stock worth $1,624,000 after buying an additional 7,855 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Kimco Realty by 6.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,426 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 1,021 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Kimco Realty by 5.7% in the 3rd quarter. Forsta AP Fonden now owns 158,800 shares of the real estate investment trust’s stock worth $2,793,000 after buying an additional 8,500 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of Kimco Realty by 1.6% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 66,782 shares of the real estate investment trust’s stock worth $1,175,000 after buying an additional 1,021 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.8 %

NYSE:KIM opened at $19.11 on Friday. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $12.88 billion, a P/E ratio of 18.73, a P/E/G ratio of 4.17 and a beta of 1.46. The stock’s fifty day simple moving average is $18.90 and its 200-day simple moving average is $19.43.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 annualized dividend and a dividend yield of 5.02%. Kimco Realty’s dividend payout ratio is currently 94.12%.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Robert W. Baird dropped their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Bank of America reaffirmed a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price for the company. Finally, Mizuho lowered their target price on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.48.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now directly owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Profile

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.