Folger Nolan Fleming Douglas Capital Management Inc. Trims Stake in Kimco Realty Corp (NYSE:KIM)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in Kimco Realty Corp (NYSE:KIMGet Rating) by 0.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 59,538 shares of the real estate investment trust’s stock after selling 550 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimco Realty were worth $1,177,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. IFM Investors Pty Ltd increased its stake in Kimco Realty by 19.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 117,829 shares of the real estate investment trust’s stock worth $2,329,000 after buying an additional 19,524 shares in the last quarter. ACG Wealth purchased a new stake in Kimco Realty in the 2nd quarter worth $92,000. Cambridge Investment Research Advisors Inc. increased its stake in Kimco Realty by 5.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 50,665 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 2,548 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Kimco Realty by 8.3% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 117,333 shares of the real estate investment trust’s stock worth $2,320,000 after buying an additional 8,963 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its stake in Kimco Realty by 9.0% in the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 95,799 shares of the real estate investment trust’s stock worth $1,894,000 after buying an additional 7,872 shares in the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KIM. UBS Group cut their price target on Kimco Realty from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, July 25th. Barclays dropped their price objective on shares of Kimco Realty from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kimco Realty from $26.00 to $23.00 in a report on Monday, July 11th. Morgan Stanley increased their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, August 29th. Finally, Piper Sandler dropped their price objective on shares of Kimco Realty to $25.00 in a report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.81.

Kimco Realty Trading Down 2.8 %

Kimco Realty stock traded down $0.54 during midday trading on Friday, reaching $18.63. The stock had a trading volume of 219,191 shares, compared to its average volume of 3,424,751. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.74. Kimco Realty Corp has a 52-week low of $18.52 and a 52-week high of $26.57. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.39. The company has a fifty day moving average of $21.63 and a 200 day moving average of $22.44.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.22 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, September 8th. Kimco Realty’s dividend payout ratio is 73.33%.

Kimco Realty Profile

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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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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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