Van ECK Associates Corp Acquires 32,323 Shares of Kimco Realty Corp (NYSE:KIM)

Van ECK Associates Corp increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 250,968 shares of the real estate investment trust’s stock after buying an additional 32,323 shares during the period. Van ECK Associates Corp’s holdings in Kimco Realty were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Kimco Realty during the fourth quarter worth $27,000. Headlands Technologies LLC acquired a new position in Kimco Realty during the fourth quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Kimco Realty during the third quarter worth $27,000. Criterion Capital Advisors LLC acquired a new position in Kimco Realty during the fourth quarter worth $33,000. Finally, Larson Financial Group LLC acquired a new position in Kimco Realty during the third quarter worth $42,000. 89.25% of the stock is currently 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 transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Kimco Realty Trading Up 0.7 %

Shares of Kimco Realty stock opened at $19.10 on Friday. The firm has a 50-day moving average of $18.90 and a 200-day moving average of $19.45. The stock has a market cap of $12.88 billion, a PE ratio of 36.04, a PEG ratio of 4.33 and a beta of 1.46. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.05 and a current ratio of 1.86.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 5.03%. Kimco Realty’s dividend payout ratio is 181.14%.

Analyst Upgrades and Downgrades

KIM has been the topic of several research reports. Citigroup reiterated a “neutral” rating and issued a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective on the stock. Robert W. Baird decreased their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Bank of America reiterated a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Finally, Mizuho decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.48.

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.