Northern Trust Corp Has $140.04 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Northern Trust Corp cut its holdings in Kimco Realty Corp (NYSE:KIMFree Report) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,571,354 shares of the real estate investment trust’s stock after selling 1,992,549 shares during the quarter. Northern Trust Corp owned approximately 1.06% of Kimco Realty worth $140,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KIM. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $27,000. Headlands Technologies LLC bought a new position in Kimco Realty in the 4th quarter valued at approximately $27,000. Principal Securities Inc. acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Kimco Realty during the fourth quarter worth $33,000. Finally, Systematic Alpha Investments LLC acquired a new position in shares of Kimco Realty during the third quarter worth $47,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 1.3 %

KIM opened at $18.54 on Tuesday. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $22.83. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $18.69 and a 200-day moving average of $19.65. The stock has a market cap of $12.50 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 3.64 and a beta of 1.50.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KIM shares. Truist Financial cut their price objective on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Monday, May 20th. Citigroup reaffirmed a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Mizuho cut their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Bank of America restated a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Finally, Robert W. Baird cut their price target 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and a consensus price target of $21.52.

View Our Latest Analysis on KIM

Kimco Realty Company 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

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

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