LPL Financial LLC Increases Stake in Kimco Realty Corp (NYSE:KIM)

LPL Financial LLC increased its position in Kimco Realty Corp (NYSE:KIM – Get Rating) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,677 shares of the real estate investment trust’s stock after acquiring an additional 2,063 shares during the quarter. LPL Financial LLC’s holdings in Kimco Realty were worth $1,433,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KIM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Kimco Realty by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 82,511 shares of the real estate investment trust’s stock valued at $2,038,000 after buying an additional 5,138 shares in the last quarter. APG Asset Management N.V. purchased a new position in Kimco Realty during the 1st quarter valued at about $557,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Kimco Realty during the 1st quarter valued at about $2,351,000. National Pension Service bought a new stake in shares of Kimco Realty during the 1st quarter valued at about $22,589,000. Finally, Vanguard Group Inc. boosted its position in shares of Kimco Realty by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock valued at $2,483,278,000 after acquiring an additional 3,081,151 shares during the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Kimco Realty in a research report on Tuesday, March 21st. They set a “buy” rating and a $25.00 price target for the company. Wells Fargo & Company started coverage on Kimco Realty in a research report on Tuesday. They issued an “underweight” rating and a $19.00 target price for the company. StockNews.com started coverage on Kimco Realty in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Compass Point dropped their target price on Kimco Realty from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 27th. Finally, Barclays dropped their target price on Kimco Realty from $26.00 to $24.00 in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.40.

Kimco Realty Price Performance

Shares of KIM stock opened at $17.89 on Friday. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 74.75, a PEG ratio of 2.11 and a beta of 1.44. The business’s fifty day moving average is $18.63 and its 200 day moving average is $20.45. 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.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.92 annualized dividend and a yield of 5.14%. Kimco Realty’s payout ratio is 383.35%.

Insider Buying and Selling

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

Kimco Realty 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.