Values First Advisors Inc. Cuts Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Values First Advisors Inc. decreased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,858 shares of the real estate investment trust’s stock after selling 794 shares during the period. Values First Advisors Inc.’s holdings in Kimco Realty were worth $530,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KIM. SG Americas Securities LLC increased its holdings in Kimco Realty by 78.9% in the 4th quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock worth $4,406,000 after acquiring an additional 91,161 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Kimco Realty during the fourth quarter worth $8,217,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kimco Realty during the third quarter worth $385,000. Nuveen Asset Management LLC grew its holdings in shares of Kimco Realty by 7.4% during the second quarter. Nuveen Asset Management LLC now owns 9,330,087 shares of the real estate investment trust’s stock worth $183,989,000 after buying an additional 644,449 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Kimco Realty by 6.8% during the third 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 buying an additional 55,450 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Citigroup reissued a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a research report on Thursday, December 7th. Finally, Mizuho lowered their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.89.

Insider Buying and Selling

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were 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 in the company, valued at $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Kimco Realty Stock Up 1.3 %

Shares of KIM stock traded up $0.25 during trading hours on Thursday, reaching $19.61. 7,605,578 shares of the stock were exchanged, compared to its average volume of 5,765,608. The business’s fifty day moving average is $19.71 and its two-hundred day moving average is $19.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The firm has a market capitalization of $13.22 billion, a P/E ratio of 19.23, a P/E/G ratio of 3.64 and a beta of 1.45.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.24 per share. 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 4.90%. Kimco Realty’s payout ratio is 94.12%.

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.