Kimco Realty Corp (NYSE:KIM) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 439,413 shares of the real estate investment trust’s stock after purchasing an additional 30,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Kimco Realty worth $9,364,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KIM. Imprint Wealth LLC increased its stake in shares of Kimco Realty by 4.0% in the fourth quarter. Imprint Wealth LLC now owns 30,189 shares of the real estate investment trust’s stock worth $643,000 after buying an additional 1,148 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Kimco Realty by 5.2% in the fourth quarter. Mackenzie Financial Corp now owns 67,482 shares of the real estate investment trust’s stock worth $1,438,000 after buying an additional 3,307 shares during the last quarter. Strs Ohio increased its stake in shares of Kimco Realty by 4.0% in the fourth quarter. Strs Ohio now owns 679,100 shares of the real estate investment trust’s stock worth $14,471,000 after buying an additional 26,385 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Kimco Realty by 8.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,837,991 shares of the real estate investment trust’s stock worth $81,788,000 after buying an additional 284,099 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Kimco Realty in the fourth quarter worth $857,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 8,890 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the completion of the sale, the director now owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

KIM stock opened at $18.20 on Friday. The company has a market capitalization of $12.27 billion, a P/E ratio of 17.84, a PEG ratio of 4.00 and a beta of 1.45. The company has a 50-day simple moving average of $19.10 and a 200 day simple moving average of $19.33. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79.

Kimco Realty Announces Dividend

The business also recently disclosed 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 5.27%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is currently 94.12%.

Analyst Ratings Changes

A number of analysts recently issued reports on KIM shares. Bank of America restated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho lowered their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Citigroup reiterated a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Finally, Robert W. Baird lowered their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.67.

Kimco Realty Company Profile

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.