Cwm LLC Grows Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Cwm LLC grew its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 8.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,255 shares of the real estate investment trust’s stock after purchasing an additional 867 shares during the period. Cwm LLC’s holdings in Kimco Realty were worth $221,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KIM. Rafferty Asset Management LLC lifted its holdings in shares of Kimco Realty by 4.9% during the third quarter. Rafferty Asset Management LLC now owns 69,253 shares of the real estate investment trust’s stock valued at $1,218,000 after purchasing an additional 3,266 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Kimco Realty during the third quarter valued at approximately $443,000. Envestnet Asset Management Inc. increased its position in shares of Kimco Realty by 12.2% during the third quarter. Envestnet Asset Management Inc. now owns 405,468 shares of the real estate investment trust’s stock valued at $7,132,000 after acquiring an additional 44,062 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Kimco Realty by 72.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 120,500 shares of the real estate investment trust’s stock valued at $2,120,000 after acquiring an additional 50,500 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Kimco Realty by 1.6% during the third quarter. Northern Trust Corp now owns 8,563,903 shares of the real estate investment trust’s stock valued at $150,639,000 after acquiring an additional 136,811 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 0.5 %

Shares of KIM stock opened at $18.98 on Friday. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The firm has a fifty day moving average price of $18.74 and a 200-day moving average price of $19.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 3.67 and a beta of 1.50.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Thursday, June 6th. Kimco Realty’s payout ratio is 181.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America reissued a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Mizuho reduced their price target on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Truist Financial reduced their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Monday, May 20th. Citigroup reaffirmed a “neutral” rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Robert W. Baird cut their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.52.

About Kimco Realty

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.