Aviva PLC trimmed its holdings in Kimco Realty Corp (NYSE:KIM – Get Rating) by 41.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,303 shares of the real estate investment trust’s stock after selling 58,505 shares during the period. Aviva PLC’s holdings in Kimco Realty were worth $1,743,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in Kimco Realty by 212.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 801 shares during the period. Ronald Blue Trust Inc. grew its stake in Kimco Realty by 58.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 669 shares during the last quarter. US Asset Management LLC acquired a new stake in shares of Kimco Realty during the fourth quarter worth approximately $35,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Kimco Realty in the fourth quarter valued at approximately $44,000. Finally, Signaturefd LLC boosted its holdings in shares of Kimco Realty by 95.4% in the 4th quarter. Signaturefd LLC now owns 2,456 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,199 shares in the last quarter. 92.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Kimco Realty in a research note on Tuesday, March 21st. They set a “buy” rating and a $25.00 price target on the stock. Mizuho cut their price target on Kimco Realty from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 1st. Truist Financial lowered their price objective on Kimco Realty from $24.00 to $22.00 in a research report on Monday, May 15th. Compass Point cut their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, March 27th. Finally, Barclays lowered their price target on shares of Kimco Realty from $26.00 to $24.00 in a research report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.92.
Kimco Realty Stock Down 0.3 %
Kimco Realty Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.92 dividend on an annualized basis and a yield of 5.02%. Kimco Realty’s dividend payout ratio is presently 383.35%.
Insiders Place Their Bets
In other Kimco Realty news, Director Frank Lourenso sold 9,630 shares of Kimco Realty stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $20.70, for a total value of $199,341.00. Following the sale, the director now directly owns 212,424 shares in the company, valued at approximately $4,397,176.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Kimco Realty (KIM)
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
- Foot Locker And The Ebbing Tide Of Discretionary Spending
Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM – Get Rating).
Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.
