Commonwealth Equity Services LLC lessened its position in Kimco Realty Corporation (NYSE:KIM – Free Report) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,009 shares of the real estate investment trust’s stock after selling 102,897 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kimco Realty were worth $6,324,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in KIM. Zions Bancorporation National Association UT boosted its position in Kimco Realty by 270.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Brown Lisle Cummings Inc. boosted its position in Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 840 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty during the second quarter valued at about $37,000. MUFG Securities EMEA plc purchased a new stake in Kimco Realty during the second quarter valued at about $42,000. Finally, Clearstead Advisors LLC boosted its position in Kimco Realty by 92.5% during the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,166 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Kimco Realty Stock Performance
Kimco Realty stock opened at $24.27 on Friday. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $23.47 and a 200-day moving average of $22.11. The firm has a market cap of $16.36 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.75 and a beta of 0.96. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $24.62.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, June 5th. Kimco Realty’s dividend payout ratio is currently 120.93%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on KIM shares. JPMorgan Chase & Co. upped their price target on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Barclays upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Scotiabank upped their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.14.
Read Our Latest Stock Report on KIM
Kimco Realty Profile
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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