PGGM Investments Purchases New Position in Kimco Realty Corp (NYSE:KIM)

PGGM Investments bought a new position in shares of Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,173,757 shares of the real estate investment trust’s stock, valued at approximately $46,323,000. PGGM Investments owned about 0.35% of Kimco Realty at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Kimco Realty during the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Kimco Realty during the 3rd quarter worth approximately $27,000. Criterion Capital Advisors LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $33,000. Finally, Larson Financial Group LLC bought a new stake in Kimco Realty during the 3rd quarter worth approximately $42,000. 89.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KIM has been the topic of a number of research reports. Robert W. Baird reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock. Mizuho dropped 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. Bank of America restated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Finally, Citigroup restated 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus price target of $21.48.

Kimco Realty Stock Down 0.2 %

Shares of Kimco Realty stock traded down $0.04 during trading on Friday, reaching $18.38. 2,312,018 shares of the company traded hands, compared to its average volume of 4,619,416. 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 1-year low of $16.34 and a 1-year high of $22.83. The company has a 50 day moving average price of $18.99 and a 200-day moving average price of $19.38. The firm has a market capitalization of $12.39 billion, a PE ratio of 18.01, a P/E/G ratio of 4.16 and a beta of 1.45.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.22%. Kimco Realty’s payout ratio is presently 94.12%.

Insider Activity at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the sale, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

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.