2,173,757 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by PGGM Investments

PGGM Investments purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,173,757 shares of the real estate investment trust’s stock, valued at approximately $46,323,000.

Other large investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at about $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Kimco Realty during the 4th quarter valued at about $27,000. Headlands Technologies LLC bought a new stake in shares of Kimco Realty during the 4th quarter valued at about $27,000. Criterion Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 4th quarter valued at about $33,000. Finally, Larson Financial Group LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at about $42,000. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KIM. Bank of America restated a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. 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 research note on Thursday, April 4th. Citigroup reiterated a “neutral” rating and set a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Mizuho cut their price objective on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $21.48.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Kimco Realty Price Performance

NYSE KIM traded down $0.04 during trading hours on Friday, reaching $18.38. The company’s stock had a trading volume of 2,312,018 shares, compared to its average volume of 4,619,416. The firm’s 50-day moving average price is $18.99 and its 200-day moving average price is $19.38. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 4.16 and a beta of 1.45.

Kimco Realty Announces Dividend

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

Kimco Realty Company 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.