Van ECK Associates Corp Raises Holdings in Kimco Realty Corp (NYSE:KIM)

Van ECK Associates Corp raised its stake in Kimco Realty Corp (NYSE:KIMFree Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,645 shares of the real estate investment trust’s stock after acquiring an additional 4,801 shares during the period. Van ECK Associates Corp’s holdings in Kimco Realty were worth $3,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Kimco Realty by 3.2% in the first 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 period. BlackRock Inc. boosted its stake in Kimco Realty by 4.1% in the first quarter. BlackRock Inc. now owns 63,149,815 shares of the real estate investment trust’s stock valued at $1,233,316,000 after acquiring an additional 2,463,808 shares during the period. Cohen & Steers Inc. boosted its stake in Kimco Realty by 38.9% in the second quarter. Cohen & Steers Inc. now owns 45,470,768 shares of the real estate investment trust’s stock valued at $896,676,000 after acquiring an additional 12,742,963 shares during the period. State Street Corp boosted its stake in Kimco Realty by 19.2% in the first quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock valued at $1,092,250,000 after acquiring an additional 7,126,475 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Kimco Realty by 13.0% in the second quarter. JPMorgan Chase & Co. now owns 25,225,569 shares of the real estate investment trust’s stock valued at $497,448,000 after acquiring an additional 2,909,691 shares during the period. 90.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KIM has been the topic of a number of recent analyst reports. TheStreet raised Kimco Realty from a “c+” rating to a “b-” rating in a report on Thursday, December 7th. Piper Sandler lifted their price target on Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Stifel Nicolaus lifted their price target on Kimco Realty from $20.50 to $21.75 and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Mizuho boosted their target price on Kimco Realty from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.18.

View Our Latest Research Report on Kimco Realty

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $19.81 on Tuesday. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 2.63 and a beta of 1.47. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $19.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 2.72.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.85%. Kimco Realty’s dividend payout ratio is currently 94.12%.

Kimco Realty Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIMFree Report).

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

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.