IFM Investors Pty Ltd Buys Shares of 98,305 Kimco Realty Corp (NYSE:KIM)

IFM Investors Pty Ltd purchased a new position in shares of Kimco Realty Corp (NYSE:KIMGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 98,305 shares of the real estate investment trust’s stock, valued at approximately $2,428,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Kimco Realty during the 4th quarter worth about $48,000. National Asset Management Inc. purchased a new stake in Kimco Realty during the 4th quarter worth about $240,000. Allspring Global Investments Holdings LLC purchased a new stake in Kimco Realty during the 4th quarter worth about $2,742,000. Yousif Capital Management LLC purchased a new stake in Kimco Realty during the 4th quarter worth about $2,951,000. Finally, CWM LLC purchased a new stake in Kimco Realty during the 4th quarter worth about $135,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho dropped their price objective on Kimco Realty from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, July 21st. Credit Suisse Group began coverage on Kimco Realty in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $22.00 price target for the company. UBS Group lowered their price target on Kimco Realty from $30.00 to $24.00 and set a “buy” rating for the company in a report on Monday, July 25th. Morgan Stanley lowered their price target on Kimco Realty from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Finally, StockNews.com cut Kimco Realty from a “hold” rating to a “sell” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Kimco Realty Stock Performance

Kimco Realty stock opened at $21.41 on Friday. The stock’s 50 day moving average price is $20.81 and its 200 day moving average price is $22.94. The firm has a market capitalization of $13.24 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 2.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 2.68. Kimco Realty Corp has a one year low of $18.52 and a one year high of $26.57.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 8th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 4.11%. Kimco Realty’s payout ratio is 66.67%.

Kimco Realty Profile

(Get Rating)

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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