Kimco Realty Corp (NYSE:KIM) Shares Purchased by Czech National Bank

Czech National Bank lifted its stake in Kimco Realty Corp (NYSE:KIM) by 8.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 117,209 shares of the real estate investment trust’s stock after purchasing an additional 8,642 shares during the period. Czech National Bank’s holdings in Kimco Realty were worth $2,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Kimco Realty by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 102,336,566 shares of the real estate investment trust’s stock valued at $2,180,792,000 after purchasing an additional 878,667 shares during the last quarter. Cohen & Steers Inc. increased its stake in Kimco Realty by 7.3% during the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after acquiring an additional 3,022,995 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Kimco Realty by 23.4% during the third 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 last quarter. Dimensional Fund Advisors LP increased its stake in Kimco Realty by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,194,513 shares of the real estate investment trust’s stock worth $195,942,000 after acquiring an additional 24,036 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,569,517 shares of the real estate investment trust’s stock worth $182,616,000 after acquiring an additional 536,000 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KIM. Citigroup reissued a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Robert W. Baird cut their target price 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. Truist Financial cut their target price 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. Bank of America reissued a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Finally, Mizuho cut their target price 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.52.

Kimco Realty Trading Up 0.5 %

KIM opened at $18.98 on Friday. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. The business has a fifty day simple moving average of $18.74 and a 200-day simple moving average of $19.59. The firm has a market cap of $12.79 billion, a P/E ratio of 35.81, a P/E/G ratio of 3.67 and a beta of 1.50. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.06%. Kimco Realty’s dividend payout ratio (DPR) is presently 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.