UMB Bank n.a. trimmed its position in Kimco Realty Corp (NYSE:KIM – Get Rating) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,100 shares of the real estate investment trust's stock after selling 571 shares during the period. UMB Bank n.a.'s holdings in Kimco Realty were worth $457,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. State of Michigan Retirement System boosted its holdings in Kimco Realty by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 155,633 shares of the real estate investment trust's stock worth $3,844,000 after buying an additional 416 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Kimco Realty by 29.2% during the 1st quarter. Parallel Advisors LLC now owns 2,441 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 552 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Kimco Realty by 2.0% during the 1st quarter. Independent Advisor Alliance now owns 28,596 shares of the real estate investment trust's stock worth $706,000 after purchasing an additional 561 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Kimco Realty by 6.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 9,313 shares of the real estate investment trust's stock worth $230,000 after purchasing an additional 592 shares during the last quarter. Finally, Tobam boosted its holdings in shares of Kimco Realty by 35.6% during the 1st quarter. Tobam now owns 2,494 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 655 shares during the last quarter. 94.16% of the stock is currently owned by institutional investors and hedge funds.
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Kimco Realty Stock Up 1.8 %
NYSE:KIM opened at $18.74 on Tuesday. The company has a fifty day simple moving average of $21.26 and a two-hundred day simple moving average of $22.16. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.37. Kimco Realty Corp has a 52 week low of $17.71 and a 52 week high of $26.57.
Kimco Realty Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.70%. This is an increase from Kimco Realty's previous quarterly dividend of $0.20. Kimco Realty's payout ratio is presently 73.33%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on KIM shares. Evercore ISI lowered their target price on Kimco Realty from $24.00 to $23.00 in a report on Tuesday, September 27th. Credit Suisse Group started coverage on Kimco Realty in a report on Wednesday, June 22nd. They set an "outperform" rating and a $22.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on Kimco Realty from $26.00 to $23.00 in a report on Monday, July 11th. UBS Group reduced their price target on shares of Kimco Realty from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, July 25th. Finally, Piper Sandler reduced their price target on shares of Kimco Realty to $25.00 in a research report on Monday, July 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.
Kimco Realty Company Profile
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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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