Signaturefd LLC Buys 4,022 Shares of Kimco Realty Corp (NYSE:KIM)

Signaturefd LLC grew its stake in Kimco Realty Corp (NYSE:KIM) by 155.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,610 shares of the real estate investment trust’s stock after purchasing an additional 4,022 shares during the quarter. Signaturefd LLC’s holdings in Kimco Realty were worth $141,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KIM. JPMorgan Chase & Co. raised its position in shares of 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 valued at $547,401,000 after purchasing an additional 5,894,446 shares during the period. Invesco Ltd. raised its position in shares of 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 valued at $324,847,000 after purchasing an additional 4,393,084 shares during the period. FMR LLC raised its position in shares of Kimco Realty by 17.5% in 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 period. Lasalle Investment Management Securities LLC bought a new position in shares of Kimco Realty in the third quarter valued at about $28,849,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Kimco Realty by 75.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,553,892 shares of the real estate investment trust’s stock valued at $62,513,000 after purchasing an additional 1,526,324 shares during the period. 89.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KIM shares. Bank of America reaffirmed a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Mizuho lowered 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 lowered 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. Finally, Citigroup reaffirmed a “neutral” rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.48.

Insider Activity

In other news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the sale, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty Trading Down 0.2 %

KIM opened at $18.38 on Monday. The company’s 50 day moving average is $18.99 and its 200-day moving average is $19.41. 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 company has a market cap of $12.39 billion, a P/E ratio of 18.02, a PEG ratio of 4.15 and a beta of 1.45.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.24 dividend. 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 5.22%. 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.