HighTower Advisors LLC Has $3.83 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

HighTower Advisors LLC raised its stake in shares of Kimco Realty Corp (NYSE:KIM – Get Rating) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 180,819 shares of the real estate investment trust’s stock after buying an additional 1,600 shares during the period. HighTower Advisors LLC’s holdings in Kimco Realty were worth $3,825,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its holdings in Kimco Realty by 58.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 669 shares in the last quarter. US Asset Management LLC acquired a new stake in Kimco Realty during the fourth quarter valued at approximately $35,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Kimco Realty during the fourth quarter valued at approximately $44,000. Signaturefd LLC boosted its holdings in Kimco Realty by 95.4% during the fourth quarter. Signaturefd LLC now owns 2,456 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,199 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Kimco Realty during the fourth quarter valued at approximately $69,000. 92.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KIM. Barclays decreased their price objective on Kimco Realty from $26.00 to $24.00 in a report on Wednesday, April 26th. Mizuho reduced their target price on Kimco Realty from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 1st. The Goldman Sachs Group began coverage on Kimco Realty in a report on Tuesday, March 21st. They issued a “buy” rating and a $25.00 target price on the stock. StockNews.com began coverage on Kimco Realty in a report on Thursday. They issued a “hold” rating on the stock. Finally, Compass Point reduced their target price on Kimco Realty from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 27th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.92.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 9,630 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $20.70, for a total transaction of $199,341.00. Following the completion of the sale, the director now owns 212,424 shares in the company, valued at approximately $4,397,176.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

KIM stock opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.11 and a quick ratio of 3.11. The company has a 50 day moving average price of $18.66 and a 200 day moving average price of $20.52. Kimco Realty Corp has a fifty-two week low of $17.34 and a fifty-two week high of $23.89. The stock has a market capitalization of $11.36 billion, a PE ratio of 76.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Wednesday, June 7th. Kimco Realty’s payout ratio is 383.35%.

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.