Kimco Realty Corp (NYSE:KIM) Shares Purchased by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lifted its holdings in Kimco Realty Corp (NYSE:KIM) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 464,215 shares of the real estate investment trust’s stock after purchasing an additional 13,084 shares during the period. Kimco Realty makes up 1.5% of ARS Wealth Advisors Group LLC’s holdings, making the stock its 24th biggest holding. ARS Wealth Advisors Group LLC owned approximately 0.07% of Kimco Realty worth $9,892,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. M&T Bank Corp increased its position in shares of Kimco Realty by 4.5% in the 4th quarter. M&T Bank Corp now owns 82,825 shares of the real estate investment trust’s stock valued at $1,765,000 after purchasing an additional 3,590 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Kimco Realty by 3,002.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 15,513 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 15,013 shares during the last quarter. Summit Global Investments raised its stake in Kimco Realty by 6.1% in the fourth quarter. Summit Global Investments now owns 285,132 shares of the real estate investment trust’s stock valued at $6,076,000 after buying an additional 16,383 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Kimco Realty by 7.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 107,042 shares of the real estate investment trust’s stock worth $2,281,000 after buying an additional 7,061 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its position in shares of Kimco Realty by 29.0% during the 4th quarter. Natixis Advisors L.P. now owns 211,155 shares of the real estate investment trust’s stock worth $4,499,000 after acquiring an additional 47,517 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the company’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 transaction of $172,643.80. Following the completion of the sale, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

KIM has been the subject of several recent analyst reports. Bank of America restated a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho cut their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Citigroup reaffirmed a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Robert W. Baird cut their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kimco Realty currently has an average rating of “Hold” and an average price target of $21.48.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.14 during trading hours on Friday, hitting $19.10. 6,729,038 shares of the company were exchanged, compared to its average volume of 4,793,533. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The company has a current ratio of 1.86, a quick ratio of 5.05 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average of $18.90 and a 200-day moving average of $19.45. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 4.33 and a beta of 1.46.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

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.