Criterion Capital Advisors LLC Acquires Shares of 1,560 Kimco Realty Corp (NYSE:KIM)

Criterion Capital Advisors LLC acquired a new stake in Kimco Realty Corp (NYSE:KIM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,560 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Kimco Realty by 0.3% in the third quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust’s stock valued at $1,784,644,000 after acquiring an additional 344,562 shares in the last quarter. BlackRock Inc. grew its position in shares of Kimco Realty by 4.1% during the first quarter. BlackRock Inc. now owns 63,149,815 shares of the real estate investment trust’s stock worth $1,233,316,000 after buying an additional 2,463,808 shares in the last quarter. State Street Corp grew its position in shares of Kimco Realty by 19.2% during the first quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock worth $1,092,250,000 after buying an additional 7,126,475 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after buying an additional 5,894,446 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Kimco Realty by 31.2% during the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock worth $324,847,000 after buying an additional 4,393,084 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Trading Up 2.6 %

KIM opened at $18.20 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 4.10 and a beta of 1.45. The firm has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $19.35. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is 94.12%.

Wall Street Analyst Weigh In

KIM has been the subject of a number of recent analyst reports. Mizuho decreased their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Citigroup reissued a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Bank of America reissued a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird reduced their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.67.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the sale, the director now directly owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by insiders.

About Kimco Realty

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.