Kimco Realty Corp (NYSE:KIM) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its holdings in Kimco Realty Corp (NYSE:KIM) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,825 shares of the real estate investment trust’s stock after acquiring an additional 3,590 shares during the quarter. M&T Bank Corp’s holdings in Kimco Realty were worth $1,765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Kimco Realty by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust’s stock valued at $1,784,644,000 after purchasing an additional 344,562 shares in the last quarter. JPMorgan Chase & Co. grew its position in Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after buying an additional 5,894,446 shares during the period. Invesco Ltd. increased its holdings in Kimco Realty by 31.2% in the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after buying an additional 4,393,084 shares in the last quarter. 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. Finally, Northern Trust Corp boosted its stake in shares of Kimco Realty by 1.6% during the 3rd quarter. Northern Trust Corp now owns 8,563,903 shares of the real estate investment trust’s stock worth $150,639,000 after acquiring an additional 136,811 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now directly 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 accessible through this link. Company insiders own 2.20% of the company’s stock.

Kimco Realty Stock Up 0.6 %

Shares of NYSE KIM opened at $19.04 on Friday. The firm has a market cap of $12.84 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 4.33 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.05 and a current ratio of 1.86. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The firm’s 50 day moving average price is $18.86 and its 200 day moving average price is $19.49.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is 181.13%.

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.