Westpac Banking Corp lessened its stake in shares of Kimco Realty Corp (NYSE:KIM – Free Report) by 27.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,486 shares of the real estate investment trust’s stock after selling 17,674 shares during the quarter. Westpac Banking Corp’s holdings in Kimco Realty were worth $927,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in KIM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Kimco Realty by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 82,511 shares of the real estate investment trust’s stock valued at $2,038,000 after buying an additional 5,138 shares in the last quarter. APG Asset Management N.V. purchased a new position in shares of Kimco Realty during the first quarter worth about $557,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Kimco Realty during the first quarter worth about $2,351,000. National Pension Service purchased a new position in shares of Kimco Realty during the first quarter worth about $22,589,000. Finally, Vanguard Group Inc. grew its holdings in shares of Kimco Realty by 3.2% during the first quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock worth $2,483,278,000 after purchasing an additional 3,081,151 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Kimco Realty Price Performance
Shares of Kimco Realty stock opened at $20.20 on Thursday. The company has a quick ratio of 3.11, a current ratio of 4.00 and a debt-to-equity ratio of 0.73. The company has a market cap of $12.52 billion, a PE ratio of 33.12, a P/E/G ratio of 2.32 and a beta of 1.45. The business has a 50 day moving average of $19.63 and a 200 day moving average of $19.73. Kimco Realty Corp has a 52 week low of $17.34 and a 52 week high of $23.89.
Kimco Realty Dividend Announcement
Wall Street Analysts Forecast Growth
KIM has been the subject of several recent analyst reports. Truist Financial cut their price objective on Kimco Realty from $24.00 to $22.00 in a report on Monday, May 15th. Argus cut their target price on Kimco Realty from $27.00 to $22.00 in a research note on Monday, May 22nd. Barclays cut their target price on Kimco Realty from $26.00 to $24.00 in a research note on Wednesday, April 26th. StockNews.com began coverage on Kimco Realty in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Compass Point upped their target price on Kimco Realty from $20.00 to $22.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kimco Realty has a consensus rating of “Hold” and a consensus price target of $22.62.
Check Out Our Latest Research Report on KIM
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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