Duality Advisers LP Sells 88,772 Shares of Kimco Realty Corp (NYSE:KIM)

Duality Advisers LP lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 74.4% during the fourth quarter, HoldingsChannel reports. The fund owned 30,489 shares of the real estate investment trust’s stock after selling 88,772 shares during the quarter. Duality Advisers LP’s holdings in Kimco Realty were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KIM. Exchange Traded Concepts LLC grew its position in Kimco Realty by 240.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 28,184 shares of the real estate investment trust’s stock worth $496,000 after acquiring an additional 19,908 shares during the last quarter. Czech National Bank grew its position in Kimco Realty by 47.6% during the 3rd quarter. Czech National Bank now owns 108,342 shares of the real estate investment trust’s stock worth $1,906,000 after acquiring an additional 34,960 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Kimco Realty by 16.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,574 shares of the real estate investment trust’s stock worth $4,812,000 after acquiring an additional 38,500 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Kimco Realty by 6.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock worth $15,375,000 after acquiring an additional 55,450 shares during the last quarter. Finally, Xponance Inc. grew its position in Kimco Realty by 9.3% during the 3rd quarter. Xponance Inc. now owns 92,300 shares of the real estate investment trust’s stock worth $1,624,000 after acquiring an additional 7,855 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Insider Activity

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 transaction, the director now directly owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The sale 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 owned by company insiders.

Kimco Realty Stock Down 0.5 %

Shares of NYSE:KIM opened at $18.53 on Thursday. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 4.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. The business’s 50-day moving average is $19.04 and its 200-day moving average is $19.37. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s dividend payout ratio is 94.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America restated a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird reduced their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Mizuho reduced their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock. 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 report on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.67.

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.