Kimco Realty Corp (NYSE:KIM) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 15.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,525 shares of the real estate investment trust’s stock after selling 5,450 shares during the quarter. Private Management Group Inc.’s holdings in Kimco Realty were worth $650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Kimco Realty during the 4th quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Kimco Realty during the 3rd quarter valued at about $27,000. Criterion Capital Advisors LLC purchased a new position in shares of Kimco Realty during the 4th quarter valued at about $33,000. Larson Financial Group LLC purchased a new position in shares of Kimco Realty during the 3rd quarter valued at about $42,000. Finally, Signaturefd LLC raised its stake in shares of Kimco Realty by 67.8% during the 3rd quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,046 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KIM shares. Mizuho reduced 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. 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 restated a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target for the company. Finally, 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 note on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction dated 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 directly owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 0.5 %

Kimco Realty stock traded down $0.10 during midday trading on Wednesday, hitting $18.53. 3,563,152 shares of the stock were exchanged, compared to its average volume of 5,556,100. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 4.19 and a beta of 1.45. The stock’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $19.38. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s dividend payout ratio is presently 94.12%.

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.