Robeco Institutional Asset Management B.V. Purchases 177,609 Shares of Kimco Realty Corp (NYSE:KIM)

Robeco Institutional Asset Management B.V. lifted its position in Kimco Realty Corp (NYSE:KIM – Get Rating) by 27.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 821,540 shares of the real estate investment trust’s stock after purchasing an additional 177,609 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kimco Realty were worth $15,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky purchased a new stake in Kimco Realty in the third quarter worth $2,981,000. Advisors Capital Management LLC lifted its stake in Kimco Realty by 4.3% in the third quarter. Advisors Capital Management LLC now owns 188,356 shares of the real estate investment trust’s stock worth $4,108,000 after acquiring an additional 7,701 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Kimco Realty by 5.0% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,164 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 1,050 shares during the period. Kentucky Retirement Systems lifted its stake in Kimco Realty by 5.6% in the third quarter. Kentucky Retirement Systems now owns 48,414 shares of the real estate investment trust’s stock worth $891,000 after acquiring an additional 2,546 shares during the period. Finally, Mather Group LLC. purchased a new stake in Kimco Realty in the third quarter worth $239,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 9,630 shares of Kimco Realty stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $20.70, for a total value of $199,341.00. Following the completion of the sale, the director now directly owns 212,424 shares in the company, valued at approximately $4,397,176.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KIM shares. Mizuho dropped their price target on Kimco Realty from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Truist Financial lowered Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $25.00 to $24.00 in a research report on Tuesday, January 17th. Citigroup raised their price objective on Kimco Realty from $23.00 to $26.00 in a research report on Wednesday, December 14th. TheStreet raised Kimco Realty from a “c+” rating to a “b-” rating in a research report on Tuesday, November 29th. Finally, StockNews.com began coverage on Kimco Realty in a research report on Thursday. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.25.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $17.67 on Friday. Kimco Realty Corp has a 1-year low of $17.61 and a 1-year high of $26.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.18 and a quick ratio of 2.18. The business has a fifty day moving average price of $21.01 and a 200-day moving average price of $20.93. The company has a market capitalization of $10.93 billion, a PE ratio of 117.80, a PEG ratio of 2.29 and a beta of 1.46.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, March 8th. This represents a $0.92 annualized dividend and a dividend yield of 5.21%. Kimco Realty’s payout ratio is presently 613.33%.

Kimco Realty Company Profile

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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.