Pensionfund DSM Netherlands Has $701,000 Stock Position in Kimco Realty Corp (NYSE:KIM)

Pensionfund DSM Netherlands lifted its position in Kimco Realty Corp (NYSE:KIM) by 233.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,731 shares of the real estate investment trust’s stock after purchasing an additional 25,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Kimco Realty were worth $701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KIM. SG Americas Securities LLC increased its position 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 valued at $4,406,000 after acquiring an additional 91,161 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its holdings in shares of Kimco Realty by 157.1% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 167,422 shares of the real estate investment trust’s stock valued at $3,568,000 after purchasing an additional 102,300 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of Kimco Realty by 2.9% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 342,244 shares of the real estate investment trust’s stock valued at $7,293,000 after purchasing an additional 9,500 shares in the last quarter. Evoke Wealth LLC acquired a new position in Kimco Realty during the 4th quarter worth $4,181,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Kimco Realty in the 4th quarter valued at $8,217,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.6 %

NYSE KIM traded up $0.11 on Tuesday, reaching $18.79. The company had a trading volume of 3,481,354 shares, compared to its average volume of 5,011,904. The company’s fifty day moving average is $18.68 and its 200-day moving average is $19.62. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 3.64 and a beta of 1.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.86 and a current ratio of 1.86. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Thursday, June 6th. Kimco Realty’s dividend payout ratio is presently 181.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KIM shares. Truist Financial cut their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Mizuho dropped their price target on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Robert W. Baird cut their price objective 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. Citigroup reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Bank of America restated a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.52.

Kimco Realty Profile

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.