State of Alaska Department of Revenue Has $7.67 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

State of Alaska Department of Revenue lowered its stake in Kimco Realty Corp (NYSE:KIMFree Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 359,766 shares of the real estate investment trust’s stock after selling 3,560 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Kimco Realty worth $7,665,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KIM. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Kimco Realty in the 3rd quarter valued at approximately $27,000. VitalStone Financial LLC acquired a new position in Kimco Realty during the first quarter valued at approximately $39,000. Larson Financial Group LLC bought a new stake in Kimco Realty during the third quarter worth $42,000. Allworth Financial LP boosted its holdings in shares of Kimco Realty by 46.6% in the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 827 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Kimco Realty by 67.8% in the 3rd quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,046 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Buying and Selling at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the sale, the director now directly owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler raised their price objective on Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Mizuho decreased their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective for the company. TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a research note on Thursday, December 7th. Finally, Citigroup reiterated a “neutral” rating and issued a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.89.

Get Our Latest Research Report on Kimco Realty

Kimco Realty Stock Up 1.3 %

Shares of KIM opened at $19.61 on Friday. The company has a market capitalization of $13.22 billion, a PE ratio of 19.23, a PEG ratio of 3.80 and a beta of 1.45. The stock’s 50-day moving average price is $19.70 and its two-hundred day moving average price is $19.30. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.90%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s payout ratio is presently 94.12%.

Kimco Realty 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

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

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