Commonwealth Equity Services LLC Has $1.08 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Commonwealth Equity Services LLC raised its position in shares of Kimco Realty Corp (NYSE:KIM – Get Rating) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,838 shares of the real estate investment trust’s stock after purchasing an additional 1,909 shares during the period. Commonwealth Equity Services LLC’s holdings in Kimco Realty were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ronald Blue Trust Inc. raised its stake in shares of Kimco Realty by 58.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 669 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in Kimco Realty in the 4th quarter worth approximately $44,000. Signaturefd LLC increased its position in Kimco Realty by 95.4% in the 4th quarter. Signaturefd LLC now owns 2,456 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,199 shares during the period. Leelyn Smith LLC bought a new position in Kimco Realty in the 3rd quarter worth approximately $74,000. Finally, Y.D. More Investments Ltd bought a new position in Kimco Realty in the 4th quarter worth approximately $86,000. 92.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KIM. The Goldman Sachs Group began coverage on Kimco Realty in a research report on Tuesday, March 21st. They issued a “buy” rating and a $25.00 price target on the stock. Barclays dropped their price target on Kimco Realty from $26.00 to $24.00 in a research report on Wednesday, April 26th. StockNews.com started coverage on Kimco Realty in a research report on Thursday. They issued a “hold” rating on the stock. Truist Financial decreased their price objective on Kimco Realty from $24.00 to $22.00 in a report on Monday, May 15th. Finally, Compass Point decreased their price target on Kimco Realty from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 27th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.92.

Kimco Realty Trading Down 0.3 %

KIM stock opened at $18.32 on Monday. The company has a market cap of $11.36 billion, a P/E ratio of 76.34, a PEG ratio of 2.11 and a beta of 1.44. Kimco Realty Corp has a twelve month low of $17.34 and a twelve month high of $23.89. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average of $18.66 and a 200-day moving average of $20.51.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.92 dividend on an annualized basis and a yield of 5.02%. Kimco Realty’s dividend payout ratio is presently 383.35%.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 9,630 shares of the company’s 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 owns 212,424 shares in the company, valued at $4,397,176.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty 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.