Kimco Realty Corp (NYSE:KIM) Holdings Raised by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 8.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,837,991 shares of the real estate investment trust’s stock after acquiring an additional 284,099 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Kimco Realty were worth $81,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Kimco Realty during the third quarter valued at about $27,000. VitalStone Financial LLC bought a new stake in Kimco Realty in the first quarter worth about $39,000. Larson Financial Group LLC bought a new stake in Kimco Realty in the third quarter worth about $42,000. Signaturefd LLC raised its position in Kimco Realty by 67.8% in the third quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Allworth Financial LP raised its position in Kimco Realty by 46.6% in the third quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 827 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho dropped their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Robert W. Baird dropped their price target 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock. Citigroup reissued a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Finally, Bank of America reissued a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.67.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $17.60 on Thursday. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 3.97 and a beta of 1.45. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. 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 business has a fifty day simple moving average of $19.19 and a 200 day simple moving average of $19.32.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 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.