Kimco Realty Corp (NYSE:KIM) Holdings Lifted by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 157.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,422 shares of the real estate investment trust’s stock after buying an additional 102,300 shares during the quarter. Kimco Realty accounts for approximately 0.2% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 29th biggest position. Analyst IMS Investment Management Services Ltd.’s holdings in Kimco Realty were worth $3,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Kimco Realty during the fourth quarter valued at $27,000. Headlands Technologies LLC purchased a new position in Kimco Realty in the fourth quarter valued at about $27,000. Principal Securities Inc. purchased a new position in Kimco Realty in the fourth quarter valued at about $29,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Kimco Realty in the third quarter valued at about $27,000. Finally, Criterion Capital Advisors LLC purchased a new position in Kimco Realty in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Kimco Realty stock traded down $0.10 during trading hours on Friday, hitting $18.47. The stock had a trading volume of 2,261,881 shares, compared to its average volume of 3,633,609. The company has a 50-day moving average of $18.78 and a two-hundred day moving average of $19.61. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. The company has a market cap of $12.45 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 3.58 and a beta of 1.46. 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 announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.20%. Kimco Realty’s payout ratio is presently 181.14%.

Wall Street Analyst Weigh In

KIM has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Mizuho decreased their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target for the company. Bank of America reiterated 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, Truist Financial decreased their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.52.

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.