IFM Investors Pty Ltd Purchases 12,815 Shares of Kimco Realty Corp (NYSE:KIM)

IFM Investors Pty Ltd lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,067 shares of the real estate investment trust’s stock after acquiring an additional 12,815 shares during the period. IFM Investors Pty Ltd’s holdings in Kimco Realty were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Kimco Realty by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 102,336,566 shares of the real estate investment trust’s stock worth $2,180,792,000 after purchasing an additional 878,667 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Kimco Realty by 7.3% in the 4th quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after buying an additional 3,022,995 shares in the last quarter. JPMorgan Chase & Co. raised its position in Kimco Realty by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after buying an additional 5,894,446 shares during the last quarter. Invesco Ltd. lifted its stake in Kimco Realty by 31.2% during the 3rd quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after acquiring an additional 4,393,084 shares during the period. Finally, FMR LLC boosted its holdings in shares of Kimco Realty by 17.5% during the 3rd quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust’s stock valued at $243,846,000 after acquiring an additional 2,061,517 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KIM shares. Bank of America reissued a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Mizuho cut their price objective on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Citigroup reiterated a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Robert W. Baird dropped their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Seven equities 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, the stock presently has an average rating of “Hold” and an average price target of $21.48.

Kimco Realty Price Performance

Shares of KIM stock traded down $0.04 on Friday, hitting $18.38. 2,312,018 shares of the stock traded hands, compared to its average volume of 4,619,416. The firm has a 50 day simple moving average of $18.99 and a two-hundred day simple moving average of $19.38. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 4.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

About Kimco Realty

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.