Oppenheimer Asset Management Inc. decreased its position in Kimco Realty Corp (NYSE:KIM – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,194 shares of the real estate investment trust’s stock after selling 953 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kimco Realty were worth $936,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Kimco Realty by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,712 shares of the real estate investment trust’s stock valued at $1,011,000 after acquiring an additional 479 shares in the last quarter. Comerica Bank boosted its holdings in shares of Kimco Realty by 0.5% in the fourth quarter. Comerica Bank now owns 95,448 shares of the real estate investment trust’s stock valued at $2,095,000 after acquiring an additional 498 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Kimco Realty by 0.4% in the fourth quarter. Yousif Capital Management LLC now owns 113,358 shares of the real estate investment trust’s stock valued at $2,401,000 after acquiring an additional 499 shares in the last quarter. Profund Advisors LLC lifted its stake in Kimco Realty by 4.2% during the fourth quarter. Profund Advisors LLC now owns 12,461 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 503 shares during the last quarter. Finally, Czech National Bank lifted its stake in Kimco Realty by 0.8% during the fourth quarter. Czech National Bank now owns 72,443 shares of the real estate investment trust’s stock valued at $1,534,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 92.33% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on KIM. Credit Suisse Group lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and set a $22.00 target price for the company. in a research note on Monday, January 9th. The Goldman Sachs Group began coverage on shares of Kimco Realty in a research note on Tuesday, March 21st. They set a “buy” rating and a $25.00 target price for the company. Compass Point cut their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 27th. Mizuho decreased their price objective on shares of Kimco Realty from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Finally, Truist Financial lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $24.00 in a research note on Tuesday, January 17th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.08.
Kimco Realty Trading Up 2.0 %
Kimco Realty Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimco Realty’s dividend payout ratio (DPR) is currently 383.35%.
Insider Activity
In other news, Director Frank Lourenso sold 9,630 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $20.70, for a total transaction of $199,341.00. Following the transaction, the director now owns 212,424 shares in the company, valued at approximately $4,397,176.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.
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.
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