Kimco Realty Corp (NYSE:KIM) Shares Acquired by American International Group Inc.

American International Group Inc. grew its position in shares of Kimco Realty Corp (NYSE:KIM) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,307 shares of the real estate investment trust’s stock after purchasing an additional 10,407 shares during the quarter. American International Group Inc.’s holdings in Kimco Realty were worth $3,714,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KIM. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Kimco Realty during the fourth quarter worth approximately $27,000. Headlands Technologies LLC acquired a new position in shares of Kimco Realty during the 4th quarter worth approximately $27,000. Principal Securities Inc. purchased a new position in shares of Kimco Realty during the 4th quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in Kimco Realty in the 4th quarter valued at $33,000. Finally, Logan Capital Management Inc. purchased a new stake in Kimco Realty in the 3rd quarter worth $97,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KIM has been the topic of several research analyst reports. Bank of America reiterated a “neutral” rating and issued a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Citigroup reiterated a “neutral” rating and set a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Truist Financial decreased 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. Mizuho dropped their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Robert W. Baird decreased their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.52.

Kimco Realty Trading Up 0.5 %

Shares of KIM stock opened at $18.98 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $22.83. The company’s 50-day moving average price is $18.74 and its 200-day moving average price is $19.59. The stock 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 company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders 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 annualized dividend and a yield of 5.06%. Kimco Realty’s payout ratio is 181.14%.

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.