Asset Management One Co. Ltd. boosted its holdings in Kimco Realty Corp (NYSE:KIM – Free Report) by 1.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,219,353 shares of the real estate investment trust’s stock after buying an additional 12,289 shares during the period. Asset Management One Co. Ltd. owned 0.20% of Kimco Realty worth $23,814,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake 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 worth $25,000 after purchasing an additional 801 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in Kimco Realty by 58.5% in the fourth 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 last quarter. US Asset Management LLC purchased a new position in Kimco Realty in the fourth quarter worth $35,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Kimco Realty during the fourth quarter valued at $44,000. Finally, Signaturefd LLC grew its holdings in shares of Kimco Realty by 95.4% during the fourth quarter. Signaturefd LLC now owns 2,456 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,199 shares during the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Kimco Realty Stock Down 1.6 %
KIM opened at $19.90 on Monday. Kimco Realty Corp has a fifty-two week low of $17.34 and a fifty-two week high of $23.89. 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 firm’s fifty day moving average price is $18.88 and its two-hundred day moving average price is $19.81. The company has a market capitalization of $12.34 billion, a P/E ratio of 82.92, a P/E/G ratio of 2.28 and a beta of 1.44.
Kimco Realty Dividend Announcement
Analysts Set New Price Targets
A number of brokerages have weighed in on KIM. Wells Fargo & Company initiated coverage on shares of Kimco Realty in a research report on Tuesday, May 23rd. They issued an “underweight” rating and a $19.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Kimco Realty in a report on Tuesday, March 21st. They issued a “buy” rating and a $25.00 price objective on the stock. Compass Point reduced their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 27th. Argus reduced their price objective on shares of Kimco Realty from $27.00 to $22.00 in a report on Monday, May 22nd. Finally, Barclays dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.36.
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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