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

Steph & Co. decreased its position in shares of Kimco Realty Corp (NYSE:KIM) by 7.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,636 shares of the real estate investment trust’s stock after selling 2,848 shares during the quarter. Steph & Co.’s holdings in Kimco Realty were worth $738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Kimco Realty in the 3rd quarter valued at about $27,000. VitalStone Financial LLC bought a new position in Kimco Realty in the first quarter valued at approximately $39,000. Larson Financial Group LLC acquired a new stake in Kimco Realty during the 3rd quarter worth $42,000. Allworth Financial LP raised its position in shares of Kimco Realty by 46.6% during the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 827 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Kimco Realty by 67.8% in the 3rd quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,046 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KIM shares. Citigroup reiterated a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Bank of America restated a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Piper Sandler boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Mizuho dropped their target price on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, Robert W. Baird reduced their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and an average target price of $21.67.

Kimco Realty Price Performance

KIM traded down $0.01 during trading on Wednesday, reaching $17.60. 4,190,804 shares of the company were exchanged, compared to its average volume of 5,598,523. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 4.07 and a beta of 1.45. The company’s 50-day moving average is $19.24 and its two-hundred day moving average is $19.33.

Kimco Realty Announces Dividend

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

Insider Activity at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now directly owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by 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.