Xponance Inc. Has $1.88 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Xponance Inc. trimmed its stake in shares of Kimco Realty Corp (NYSE:KIM) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,108 shares of the real estate investment trust’s stock after selling 4,192 shares during the quarter. Xponance Inc.’s holdings in Kimco Realty were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KIM. Exchange Traded Concepts LLC raised its position in Kimco Realty by 240.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,184 shares of the real estate investment trust’s stock worth $496,000 after purchasing an additional 19,908 shares during the last quarter. Czech National Bank raised its position in Kimco Realty by 47.6% in the 3rd quarter. Czech National Bank now owns 108,342 shares of the real estate investment trust’s stock worth $1,906,000 after purchasing an additional 34,960 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Kimco Realty by 16.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,574 shares of the real estate investment trust’s stock worth $4,812,000 after purchasing an additional 38,500 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in 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 purchasing an additional 55,450 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in 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 purchasing an additional 1,021 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the completion of the sale, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Kimco Realty Price Performance

Shares of NYSE KIM opened at $18.64 on Wednesday. The company has a fifty day moving average price of $19.06 and a 200 day moving average price of $19.38. 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 firm has a market cap of $12.56 billion, a PE ratio of 18.27, a PEG ratio of 4.10 and a beta of 1.45.

Kimco Realty Announces Dividend

The firm also recently disclosed 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. 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 5.15%. Kimco Realty’s dividend payout ratio is 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.