International Assets Investment Management LLC Takes Position in Kimco Realty Corp (NYSE:KIM)

International Assets Investment Management LLC purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 100,552 shares of the real estate investment trust’s stock, valued at approximately $2,143,000.

Several other institutional investors have also recently made changes to their positions in KIM. Norges Bank purchased a new stake in shares of Kimco Realty during the 4th quarter valued at approximately $239,184,000. State Street Corp raised its position in shares of Kimco Realty by 19.2% during the 1st quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock valued at $1,092,250,000 after buying an additional 7,126,475 shares during the period. JPMorgan Chase & Co. raised its position in shares of Kimco Realty by 23.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock valued at $547,401,000 after buying an additional 5,894,446 shares during the period. Invesco Ltd. increased its holdings in Kimco Realty by 31.2% in the 3rd quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after purchasing an additional 4,393,084 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Kimco Realty by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock valued at $2,483,278,000 after purchasing an additional 3,081,151 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the transaction, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price for the company. Citigroup reiterated a “neutral” rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Robert W. Baird dropped their target price on shares of 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 reiterated a “neutral” rating and issued a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Finally, Mizuho dropped their price target on shares of 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.67.

Kimco Realty Stock Performance

Shares of KIM stock opened at $18.20 on Friday. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average price of $19.10 and a 200 day moving average price of $19.32. The company has a market cap of $12.27 billion, a P/E ratio of 17.84, a PEG ratio of 3.97 and a beta of 1.45. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. Kimco Realty’s payout ratio is currently 94.12%.

Kimco Realty Company 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.