Legacy Capital Group California Inc. Has $464,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Legacy Capital Group California Inc. cut its position in shares of Kimco Realty Corp (NYSE:KIM) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,641 shares of the real estate investment trust’s stock after selling 887 shares during the period. Legacy Capital Group California Inc.’s holdings in Kimco Realty were worth $464,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KIM. Norges Bank acquired a new position in shares of Kimco Realty during the 4th quarter worth about $150,326,000. Massachusetts Financial Services Co. MA acquired a new position in Kimco Realty in the 4th quarter valued at about $84,678,000. Cohen & Steers Inc. grew its stake in Kimco Realty by 7.3% in the 4th quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock valued at $941,817,000 after buying an additional 3,022,995 shares during the last quarter. PGGM Investments acquired a new position in Kimco Realty in the 4th quarter valued at about $46,323,000. Finally, Goldman Sachs Group Inc. grew its stake in Kimco Realty by 211.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,845,365 shares of the real estate investment trust’s stock valued at $60,635,000 after buying an additional 1,931,189 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

NYSE:KIM traded up $0.24 on Tuesday, hitting $21.20. The company had a trading volume of 1,850,211 shares, compared to its average volume of 4,872,014. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. The firm has a 50 day moving average of $19.04 and a two-hundred day moving average of $19.37. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 3.96 and a beta of 1.51.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.53%. The ex-dividend date was Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is currently 181.14%.

Analysts Set New Price Targets

A number of research analysts recently commented on KIM shares. Bank of America reiterated 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. Mizuho decreased their price target on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Truist Financial decreased their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Citigroup reissued a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Robert W. Baird cut their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.52.

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.