Kimco Realty Corp (NYSE:KIM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Kimco Realty Corp (NYSE:KIM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,569,517 shares of the real estate investment trust’s stock after purchasing an additional 536,000 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kimco Realty were worth $182,616,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Kimco Realty by 0.3% in the third quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust’s stock valued at $1,784,644,000 after buying an additional 344,562 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Kimco Realty by 23.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after acquiring an additional 5,894,446 shares during the period. Invesco Ltd. lifted its position in Kimco Realty by 31.2% in the 3rd quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after purchasing an additional 4,393,084 shares during the last quarter. FMR LLC boosted its stake in Kimco Realty by 17.5% during the 3rd quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust’s stock valued at $243,846,000 after purchasing an additional 2,061,517 shares during the period. Finally, Northern Trust Corp grew its position in Kimco Realty by 1.6% in the 3rd quarter. Northern Trust Corp now owns 8,563,903 shares of the real estate investment trust’s stock worth $150,639,000 after purchasing an additional 136,811 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America reiterated a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target for the company. Citigroup restated a “neutral” rating and set a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Mizuho lowered their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, Robert W. Baird reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.48.

Kimco Realty Stock Up 0.6 %

NYSE KIM opened at $19.04 on Friday. The company has a market capitalization of $12.84 billion, a P/E ratio of 35.92, a PEG ratio of 4.33 and a beta of 1.46. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 5.05. The company’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $19.49.

Kimco Realty Announces Dividend

The business 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. 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 5.04%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the company’s 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 completion of the sale, the director now directly owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty 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.