Swiss National Bank lowered its stake in shares of Kimco Realty Corp (NYSE:KIM – Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,454,466 shares of the real estate investment trust’s stock after selling 59,200 shares during the quarter. Swiss National Bank owned approximately 0.40% of Kimco Realty worth $47,936,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Kimco Realty by 212.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 801 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new position in Kimco Realty in the first quarter worth $33,000. US Asset Management LLC acquired a new position in Kimco Realty in the fourth quarter worth $35,000. U.S. Capital Wealth Advisors LLC acquired a new position in Kimco Realty in the fourth quarter worth $44,000. Finally, PSI Advisors LLC acquired a new position in Kimco Realty in the first quarter worth $45,000. Institutional investors and hedge funds own 89.48% of the company’s stock.
Kimco Realty Price Performance
Shares of NYSE KIM opened at $19.09 on Friday. Kimco Realty Corp has a fifty-two week low of $17.34 and a fifty-two week high of $23.37. The firm’s 50-day simple moving average is $19.94 and its 200 day simple moving average is $19.56. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.73. The stock has a market cap of $11.83 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.66 and a beta of 1.45.
Kimco Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Wednesday, September 6th. Kimco Realty’s dividend payout ratio is currently 150.82%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Kimco Realty in a report on Thursday. They issued a “hold” rating for the company. The Goldman Sachs Group downgraded shares of Kimco Realty from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a report on Wednesday. Barclays decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 in a report on Wednesday, April 26th. Argus decreased their price objective on shares of Kimco Realty from $27.00 to $22.00 in a report on Monday, May 22nd. Finally, Compass Point raised their target price on Kimco Realty from $20.00 to $22.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $22.31.
View Our Latest Research Report on KIM
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.
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