Kimco Realty Corp (NYSE:KIM) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Kimco Realty Corp (NYSE:KIMFree Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,878 shares of the real estate investment trust’s stock after acquiring an additional 1,812 shares during the quarter. Pacer Advisors Inc.’s holdings in Kimco Realty were worth $871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $27,000. VitalStone Financial LLC acquired a new position in shares of Kimco Realty during the first quarter worth about $39,000. Larson Financial Group LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $42,000. Allworth Financial LP boosted its holdings in Kimco Realty by 46.6% during the third quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 827 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Kimco Realty by 67.8% during the third quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,046 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Shares of KIM opened at $18.76 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.70 and a beta of 1.45. The company’s 50 day simple moving average is $19.61 and its 200 day simple moving average is $19.30. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83.

Kimco Realty Announces Dividend

The company also recently disclosed 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. This represents a $0.96 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup reissued a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Mizuho decreased their price objective on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, December 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective on the stock. Finally, Piper Sandler boosted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.89.

Check Out Our Latest Report on KIM

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Kimco Realty Profile

(Free Report)

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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