Goldman Sachs Group Inc. Acquires 1,931,189 Shares of Kimco Realty Corp (NYSE:KIM)

Goldman Sachs Group Inc. increased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 211.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,845,365 shares of the real estate investment trust’s stock after purchasing an additional 1,931,189 shares during the period. Goldman Sachs Group Inc. owned 0.42% of Kimco Realty worth $60,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Kimco Realty during the fourth quarter worth about $27,000. Headlands Technologies LLC bought a new stake in shares of Kimco Realty during the fourth quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in shares of Kimco Realty during the fourth quarter worth approximately $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Kimco Realty during the fourth quarter worth approximately $33,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Kimco Realty by 17.4% during the fourth quarter. Quadrant Capital Group LLC now owns 4,833 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 717 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KIM. Robert W. Baird reduced their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Bank of America restated a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Mizuho reduced their price objective on Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Truist Financial reduced 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. Finally, Citigroup restated a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.52.

Kimco Realty Stock Up 0.6 %

NYSE KIM opened at $18.79 on Wednesday. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 3.64 and a beta of 1.50. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $18.68 and a 200-day moving average of $19.62.

Kimco Realty Announces Dividend

The company 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 dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 5.11%. Kimco Realty’s dividend payout ratio is currently 181.14%.

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.