Tower Research Capital LLC TRC Buys 46,416 Shares of Kimco Realty Corp (NYSE:KIM)

Tower Research Capital LLC TRC grew its stake in shares of Kimco Realty Corp (NYSE:KIMFree Report) by 131.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,755 shares of the real estate investment trust’s stock after buying an additional 46,416 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Kimco Realty were worth $1,742,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Kimco Realty during the 4th quarter worth $27,000. Headlands Technologies LLC bought a new stake in shares of Kimco Realty during the fourth quarter worth about $27,000. Principal Securities Inc. bought a new stake in shares of Kimco Realty during the fourth quarter worth about $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Kimco Realty in the fourth quarter valued at approximately $33,000. Finally, Systematic Alpha Investments LLC bought a new position in Kimco Realty in the 3rd quarter valued at approximately $47,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $18.54 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. 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 Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The stock’s fifty day simple moving average is $18.69 and its two-hundred day simple moving average is $19.65.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.18%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KIM shares. Citigroup restated a “neutral” rating and issued a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Bank of America restated 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. Mizuho cut their target price on Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Truist Financial decreased their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Finally, Robert W. Baird cut 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and an average target price of $21.52.

Check Out Our Latest Analysis on Kimco Realty

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.

Recommended Stories

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIMFree Report).

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

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.