Kimco Realty Corp (NYSE:KIM) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,302 shares of the real estate investment trust’s stock after buying an additional 1,932 shares during the quarter. Naviter Wealth LLC’s holdings in Kimco Realty were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its holdings in Kimco Realty by 240.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 28,184 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 19,908 shares during the last quarter. Czech National Bank boosted its holdings in Kimco Realty by 47.6% in the third quarter. Czech National Bank now owns 108,342 shares of the real estate investment trust’s stock worth $1,906,000 after purchasing an additional 34,960 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Kimco Realty by 16.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,574 shares of the real estate investment trust’s stock valued at $4,812,000 after purchasing an additional 38,500 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Kimco Realty by 6.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock worth $15,375,000 after purchasing an additional 55,450 shares during the period. Finally, Xponance Inc. lifted its position in shares of Kimco Realty by 9.3% in the 3rd quarter. Xponance Inc. now owns 92,300 shares of the real estate investment trust’s stock worth $1,624,000 after buying an additional 7,855 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling

In other news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the transaction, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KIM. Robert W. Baird dropped their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock. Bank of America reaffirmed a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Citigroup reissued a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Mizuho lowered their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.48.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $18.79 on Tuesday. The stock’s 50 day moving average price is $18.97 and its 200 day moving average price is $19.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 4.15 and a beta of 1.45. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.11%. Kimco Realty’s dividend payout ratio is currently 94.12%.

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.