Kimco Realty Corp (NYSE:KIM) Holdings Raised by Duality Advisers LP

Duality Advisers LP grew its stake in shares of Kimco Realty Corp (NYSE:KIM) by 84.1% in the 1st quarter, HoldingsChannel reports. The firm owned 56,144 shares of the real estate investment trust’s stock after acquiring an additional 25,655 shares during the quarter. Duality Advisers LP’s holdings in Kimco Realty were worth $1,101,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KIM. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Kimco Realty during the fourth quarter valued at $27,000. Headlands Technologies LLC acquired a new position in Kimco Realty during the fourth quarter valued at $27,000. Principal Securities Inc. acquired a new position in Kimco Realty during the fourth quarter valued at $29,000. Criterion Capital Advisors LLC acquired a new position in Kimco Realty during the fourth quarter valued at $33,000. Finally, Fidelis Capital Partners LLC acquired a new position in Kimco Realty during the first quarter valued at $70,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KIM has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Truist Financial dropped their target price on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. Bank of America reaffirmed a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird dropped their target price 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. Finally, Mizuho dropped their target price on Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.52.

Kimco Realty Stock Up 1.4 %

Shares of KIM traded up $0.29 during trading hours on Friday, hitting $20.58. 4,042,720 shares of the company were exchanged, compared to its average volume of 4,880,243. The company has a market cap of $13.87 billion, a PE ratio of 38.28, a PEG ratio of 3.80 and a beta of 1.51. The firm’s 50 day moving average is $19.01 and its 200-day moving average is $19.41. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 4.66%. Kimco Realty’s payout ratio is 181.14%.

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.