Raymond James Financial Services Advisors Inc. lowered its holdings in shares of Kimco Realty Corp (NYSE:KIM – Free Report) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,625 shares of the real estate investment trust’s stock after selling 3,801 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kimco Realty were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in KIM. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $42,000. Allworth Financial LP grew its stake in shares of Kimco Realty by 46.6% during the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 827 shares during the period. Signaturefd LLC grew its stake in shares of Kimco Realty by 67.8% during the 3rd quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,046 shares during the period. Finally, Systematic Alpha Investments LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $47,000. 89.25% of the stock is currently owned by institutional investors.
Insider Transactions at Kimco Realty
In other news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on KIM
Kimco Realty Price Performance
KIM opened at $18.60 on Tuesday. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $19.08 and its 200-day simple moving average is $19.36. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 4.10 and a beta of 1.45.
Kimco Realty Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.
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.
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