Kimco Realty Corp (NYSE:KIM) Stake Lessened by Amalgamated Bank

Amalgamated Bank cut its stake in Kimco Realty Corp (NYSE:KIM) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,341 shares of the real estate investment trust’s stock after selling 10,111 shares during the period. Amalgamated Bank’s holdings in Kimco Realty were worth $3,907,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Kimco Realty by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust’s stock valued at $1,784,644,000 after purchasing an additional 344,562 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Kimco Realty by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the period. Invesco Ltd. boosted its holdings in Kimco Realty by 31.2% in the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock worth $324,847,000 after purchasing an additional 4,393,084 shares during the period. FMR LLC increased its stake in Kimco Realty by 17.5% during the third quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust’s stock valued at $243,846,000 after purchasing an additional 2,061,517 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Kimco Realty by 1.6% during the third quarter. Northern Trust Corp now owns 8,563,903 shares of the real estate investment trust’s stock worth $150,639,000 after purchasing an additional 136,811 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM opened at $18.92 on Thursday. The firm has a market capitalization of $12.75 billion, a PE ratio of 35.70, a P/E/G ratio of 4.33 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 5.05. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The company’s 50 day simple moving average is $18.87 and its 200 day simple moving average is $19.49.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued 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 5.07%. Kimco Realty’s dividend payout ratio (DPR) is 181.13%.

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.