Aviva PLC Sells 58,505 Shares of Kimco Realty Corp (NYSE:KIM)

Aviva PLC decreased its holdings in shares of Kimco Realty Corp (NYSE:KIM – Get Rating) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,303 shares of the real estate investment trust’s stock after selling 58,505 shares during the period. Aviva PLC’s holdings in Kimco Realty were worth $22,016,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its stake in Kimco Realty by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,712 shares of the real estate investment trust’s stock valued at $1,011,000 after buying an additional 479 shares during the period. Comerica Bank lifted its stake in Kimco Realty by 0.5% during the fourth quarter. Comerica Bank now owns 95,448 shares of the real estate investment trust’s stock worth $2,095,000 after purchasing an additional 498 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Kimco Realty by 0.4% during the fourth quarter. Yousif Capital Management LLC now owns 113,358 shares of the real estate investment trust’s stock worth $2,401,000 after purchasing an additional 499 shares during the last quarter. Profund Advisors LLC lifted its stake in Kimco Realty by 4.2% during the fourth quarter. Profund Advisors LLC now owns 12,461 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 503 shares during the last quarter. Finally, Czech National Bank lifted its stake in Kimco Realty by 0.8% during the fourth quarter. Czech National Bank now owns 72,443 shares of the real estate investment trust’s stock worth $1,534,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 92.33% of the company’s stock.

Kimco Realty Stock Down 0.8 %

KIM stock opened at $17.89 on Friday. Kimco Realty Corp has a fifty-two week low of $17.34 and a fifty-two week high of $23.89. The business’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $20.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.11 and a current ratio of 3.11. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 74.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.44.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.14%. Kimco Realty’s dividend payout ratio (DPR) is 383.35%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KIM. Argus lowered their target price on Kimco Realty from $27.00 to $22.00 in a research note on Monday. Mizuho lowered their target price on Kimco Realty from $21.00 to $18.00 in a research note on Thursday. Compass Point lowered their target price on Kimco Realty from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 27th. The Goldman Sachs Group began coverage on Kimco Realty in a research note on Tuesday, March 21st. They issued a “buy” rating and a $25.00 target price for the company. Finally, Truist Financial lowered their target price on Kimco Realty from $24.00 to $22.00 in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kimco Realty has a consensus rating of “Hold” and a consensus price target of $22.40.

Insiders Place Their Bets

In other Kimco Realty news, Director Frank Lourenso sold 9,630 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $20.70, for a total transaction of $199,341.00. Following the transaction, the director now owns 212,424 shares in the company, valued at approximately $4,397,176.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

About Kimco Realty

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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.