Kimco Realty Corp (NYSE:KIM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 437,254 shares of the real estate investment trust’s stock after selling 48,427 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Kimco Realty worth $9,318,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KIM. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Kimco Realty in the third quarter valued at approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Kimco Realty in the 4th quarter valued at $27,000. Criterion Capital Advisors LLC purchased a new position in shares of Kimco Realty in the 4th quarter valued at $33,000. Larson Financial Group LLC acquired a new stake in Kimco Realty during the 3rd quarter worth $42,000. Finally, Allworth Financial LP lifted its position in Kimco Realty by 46.6% in the third quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Insider Activity at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction on 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 transaction, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 0.7 %

NYSE KIM opened at $18.50 on Thursday. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83. The firm has a 50-day moving average price of $18.93 and a 200 day moving average price of $19.42. The stock has a market capitalization of $12.47 billion, a P/E ratio of 18.14, a P/E/G ratio of 4.24 and a beta of 1.45. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid 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 dividend yield of 5.19%. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

Wall Street Analyst Weigh In

KIM has been the subject of several research reports. Mizuho reduced 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Bank of America reiterated a “neutral” rating and issued a $20.00 price target (down previously 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 objective (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Robert W. Baird reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.48.

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.