DnB Asset Management AS grew its stake in Kimco Realty Corp (NYSE:KIM – Free Report) by 14.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,367 shares of the real estate investment trust’s stock after buying an additional 13,400 shares during the quarter. DnB Asset Management AS’s holdings in Kimco Realty were worth $2,058,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of KIM. EverSource Wealth Advisors LLC raised its holdings in Kimco Realty by 212.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 801 shares during the period. US Asset Management LLC acquired a new position in Kimco Realty in the 4th quarter worth about $35,000. Ronald Blue Trust Inc. raised its holdings in Kimco Realty by 58.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 669 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in Kimco Realty in the 4th quarter worth about $44,000. Finally, Signaturefd LLC raised its holdings in 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 purchasing an additional 1,199 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.
Kimco Realty Price Performance
KIM stock opened at $19.90 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.11 and a quick ratio of 3.11. The business has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $19.83. The firm has a market capitalization of $12.34 billion, a PE ratio of 82.92, a price-to-earnings-growth ratio of 2.32 and a beta of 1.44. Kimco Realty Corp has a 1 year low of $17.34 and a 1 year high of $23.89.
Kimco Realty Dividend Announcement
Analyst Ratings Changes
A number of equities analysts recently weighed in on KIM shares. StockNews.com started coverage on Kimco Realty in a report on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group initiated coverage on Kimco Realty in a report on Tuesday, March 21st. They issued a “buy” rating and a $25.00 price target for the company. Compass Point cut their price objective on Kimco Realty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 27th. Argus cut their price objective on Kimco Realty from $27.00 to $22.00 in a research note on Monday, May 22nd. Finally, Mizuho cut their price objective on Kimco Realty from $21.00 to $18.00 in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.36.
Kimco Realty 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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