Kimco Realty Corp (NYSE:KIM) Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. boosted its holdings in Kimco Realty Corp (NYSE:KIMFree Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,190,222 shares of the real estate investment trust’s stock after purchasing an additional 3,022,995 shares during the quarter. Kimco Realty comprises approximately 1.9% of Cohen & Steers Inc.’s portfolio, making the stock its 18th biggest position. Cohen & Steers Inc. owned approximately 7.13% of Kimco Realty worth $941,817,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. Norges Bank acquired a new position in Kimco Realty in the fourth quarter valued at approximately $150,326,000. JPMorgan Chase & Co. boosted its holdings in shares of Kimco Realty by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock valued at $547,401,000 after acquiring an additional 5,894,446 shares during the period. Invesco Ltd. boosted its holdings in shares of Kimco Realty by 31.2% in the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock valued at $324,847,000 after acquiring an additional 4,393,084 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $84,678,000. Finally, PGGM Investments acquired a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $46,323,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on KIM. Truist Financial decreased their price objective on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday, May 20th. Bank of America reissued 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. Robert W. Baird cut their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Mizuho cut their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Citigroup restated a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.52.

Get Our Latest Analysis on Kimco Realty

Kimco Realty Price Performance

NYSE:KIM traded up $0.23 during trading hours on Wednesday, hitting $18.53. The company’s stock had a trading volume of 5,271,288 shares, compared to its average volume of 5,040,106. The business’s 50-day moving average is $18.68 and its two-hundred day moving average is $19.63. The company has a market capitalization of $12.49 billion, a PE ratio of 34.96, a PEG ratio of 3.59 and a beta of 1.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.86 and a current ratio of 1.86. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83.

Kimco Realty Announces Dividend

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

Kimco Realty 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.

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

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