Kentucky Retirement Systems Acquires 992 Shares of Kimco Realty Corp (NYSE:KIM)

Kentucky Retirement Systems lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 50,589 shares of the real estate investment trust’s stock after acquiring an additional 992 shares during the quarter. Kentucky Retirement Systems’ holdings in Kimco Realty were worth $992,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Analyst IMS Investment Management Services Ltd. increased its position in shares of Kimco Realty by 157.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 167,422 shares of the real estate investment trust’s stock valued at $3,568,000 after buying an additional 102,300 shares during the period. Duff & Phelps Investment Management Co. lifted its stake in Kimco Realty by 2.9% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 342,244 shares of the real estate investment trust’s stock worth $7,293,000 after purchasing an additional 9,500 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Kimco Realty by 71.0% in the 1st quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock valued at $3,531,000 after purchasing an additional 74,729 shares during the period. Vanguard Group Inc. grew its position in shares of Kimco Realty by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock valued at $2,162,347,000 after purchasing an additional 7,931,013 shares in the last quarter. Finally, Evoke Wealth LLC bought a new position in shares of Kimco Realty in the fourth quarter worth $4,181,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.8 %

Shares of NYSE KIM traded up $0.18 during midday trading on Monday, hitting $21.37. The stock had a trading volume of 1,581,518 shares, compared to its average volume of 4,836,020. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. The company has a market cap of $14.41 billion, a P/E ratio of 40.28, a PEG ratio of 4.08 and a beta of 1.51. The business’s 50 day moving average is $19.46 and its 200-day moving average is $19.38. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.49%. Kimco Realty’s dividend payout ratio (DPR) is currently 181.14%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KIM shares. Truist Financial dropped their target price on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Monday, May 20th. Mizuho reduced their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Bank of America reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Finally, Robert W. Baird reduced their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.52.

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.