Kimco Realty Corp (NYSE:KIM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Kimco Realty Corp (NYSE:KIM) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,574 shares of the real estate investment trust’s stock after selling 13,142 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kimco Realty were worth $3,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Norges Bank purchased a new stake in Kimco Realty in the fourth quarter valued at approximately $239,184,000. State Street Corp lifted its stake in Kimco Realty by 19.2% during the 1st quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock worth $1,092,250,000 after acquiring an additional 7,126,475 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Kimco Realty by 23.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock valued at $547,401,000 after acquiring an additional 5,894,446 shares during the period. Invesco Ltd. boosted its holdings in Kimco Realty by 31.2% during the 3rd quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after acquiring an additional 4,393,084 shares during the period. Finally, Vanguard Group Inc. increased its stake in 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 during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on KIM. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company. Piper Sandler upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Mizuho decreased their target price on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Bank of America reissued a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Seven investment 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, Kimco Realty presently has a consensus rating of “Hold” and an average target price of $21.67.

Insider Buying and Selling at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the completion of the sale, the director now directly owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

Kimco Realty Trading Down 0.1 %

Shares of Kimco Realty stock opened at $17.60 on Thursday. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $19.19 and a 200-day simple moving average of $19.32. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 4.07 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.45%. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

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.