Crossmark Global Holdings Inc. Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Crossmark Global Holdings Inc. trimmed its position in shares of Kimco Realty Corp (NYSE:KIMGet Rating) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,281 shares of the real estate investment trust’s stock after selling 1,049 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kimco Realty were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KIM. Clear Street Markets LLC raised its position in shares of Kimco Realty by 129.5% in the 2nd quarter. Clear Street Markets LLC now owns 1,290 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares during the last quarter. Addison Advisors LLC raised its position in shares of Kimco Realty by 13,836.4% in the 2nd quarter. Addison Advisors LLC now owns 1,533 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,522 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Kimco Realty in the 3rd quarter valued at approximately $38,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Kimco Realty in the 2nd quarter valued at approximately $43,000. Finally, Allworth Financial LP raised its position in Kimco Realty by 107.8% during the 3rd quarter. Allworth Financial LP now owns 2,298 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,192 shares during the last quarter. 92.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KIM shares. Barclays raised their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. StockNews.com raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, October 7th. TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a research report on Tuesday, November 29th. Finally, Piper Sandler reduced their price target on shares of Kimco Realty from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty has an average rating of “Hold” and an average target price of $23.25.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $21.44 on Monday. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 1.72 and a beta of 1.40. Kimco Realty Corp has a 12 month low of $17.71 and a 12 month high of $26.57. The firm’s 50 day simple moving average is $21.68 and its 200-day simple moving average is $21.11.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were paid a $0.23 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.92 dividend on an annualized basis and a yield of 4.29%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.22. Kimco Realty’s dividend payout ratio (DPR) is currently 248.65%.

Kimco Realty Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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