Naviter Wealth LLC Acquires 1,932 Shares of Kimco Realty Corp (NYSE:KIM)

Naviter Wealth LLC boosted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 5.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,302 shares of the real estate investment trust’s stock after buying an additional 1,932 shares during the period. Naviter Wealth LLC’s holdings in Kimco Realty were worth $838,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KIM. SG Americas Securities LLC boosted its position in shares of Kimco Realty by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock worth $4,406,000 after buying an additional 91,161 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Kimco Realty by 7.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 161,654 shares of the real estate investment trust’s stock worth $3,445,000 after acquiring an additional 10,917 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Kimco Realty during the 4th quarter worth approximately $8,217,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Kimco Realty by 6.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock valued at $15,375,000 after purchasing an additional 55,450 shares during the last quarter. Finally, Vision Capital Corp bought a new stake in shares of Kimco Realty in the third quarter worth $9,674,000. Institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, 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.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of analyst reports. Mizuho decreased their target price 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 restated a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Bank of America reissued a “neutral” rating and set 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 lowered their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Seven equities research 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 currently has an average rating of “Hold” and a consensus target price of $21.48.

Kimco Realty Stock Performance

NYSE:KIM opened at $18.79 on Tuesday. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The business has a fifty day simple moving average of $18.97 and a two-hundred day simple moving average of $19.42. The company has a market capitalization of $12.67 billion, a P/E ratio of 18.45, a P/E/G ratio of 4.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05.

Kimco Realty Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.11%. Kimco Realty’s dividend payout ratio is currently 94.12%.

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.