Steph & Co. Has $738,000 Holdings in Kimco Realty Corp (NYSE:KIM)

Steph & Co. cut its stake in Kimco Realty Corp (NYSE:KIM) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,636 shares of the real estate investment trust’s stock after selling 2,848 shares during the period. Steph & Co.’s holdings in Kimco Realty were worth $738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Partners II LLC boosted its stake in Kimco Realty by 1.9% in the 4th quarter. Advisor Partners II LLC now owns 26,152 shares of the real estate investment trust’s stock valued at $554,000 after buying an additional 495 shares in the last quarter. Ethic Inc. boosted its stake in shares of Kimco Realty by 10.0% in the 1st quarter. Ethic Inc. now owns 8,955 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 817 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Kimco Realty by 46.6% in the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 827 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Kimco Realty by 0.6% during the 1st quarter. Public Sector Pension Investment Board now owns 143,845 shares of the real estate investment trust’s stock worth $2,809,000 after purchasing an additional 860 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Kimco Realty by 4.4% during the 3rd quarter. Inspire Investing LLC now owns 20,767 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 868 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE:KIM traded down $0.01 during mid-day trading on Wednesday, hitting $17.60. The stock had a trading volume of 4,190,804 shares, compared to its average volume of 5,598,523. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $22.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 4.07 and a beta of 1.45. The company’s 50 day simple moving average is $19.24 and its 200 day simple moving average is $19.33.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

Insiders Place Their Bets

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction on 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 legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KIM. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective for the company. Citigroup reissued a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Robert W. Baird cut their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Piper Sandler upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Finally, Mizuho cut their target price 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Hold” and an average 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.