Sumitomo Mitsui DS Asset Management Company Ltd Has $3.45 Million Stake in Kimco Realty Corp (NYSE:KIM)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 7.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 161,654 shares of the real estate investment trust’s stock after acquiring an additional 10,917 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kimco Realty were worth $3,445,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KIM. JPMorgan Chase & Co. lifted its position in shares of 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. lifted its position in shares of 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. FMR LLC lifted its position in shares of Kimco Realty by 17.5% during the 3rd quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust’s stock valued at $243,846,000 after acquiring an additional 2,061,517 shares during the period. Lasalle Investment Management Securities LLC acquired a new position in shares of Kimco Realty during the 3rd quarter valued at $28,849,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Kimco Realty by 75.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,553,892 shares of the real estate investment trust’s stock valued at $62,513,000 after acquiring an additional 1,526,324 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the company’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 sale, the director now directly owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on KIM. Citigroup restated a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target for the company. Mizuho decreased 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 note on Friday, February 23rd. Bank of America restated a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Finally, Robert W. Baird decreased their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and a consensus price target of $21.67.

Kimco Realty Price Performance

KIM opened at $18.64 on Wednesday. The firm has a market cap of $12.56 billion, a P/E ratio of 18.27, a PEG ratio of 4.19 and a beta of 1.45. The firm has a 50-day moving average of $19.06 and a 200 day moving average of $19.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83.

Kimco Realty Announces Dividend

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 dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.15%. Kimco Realty’s 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.