PGGM Investments purchased a new position in shares of Kimco Realty Corp (NYSE:KIM - Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,409 shares of the real estate investment trust's stock, valued at approximately $652,000.
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Several other institutional investors and hedge funds have also recently bought and sold shares of KIM. Clear Street Markets LLC increased its position in Kimco Realty by 129.5% during the second quarter. Clear Street Markets LLC now owns 1,290 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 728 shares during the last quarter. Addison Advisors LLC increased its position in Kimco Realty by 13,836.4% during the second quarter. Addison Advisors LLC now owns 1,533 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,522 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Kimco Realty during the third quarter worth approximately $38,000. Allworth Financial LP increased its position in Kimco Realty by 107.8% during the third quarter. Allworth Financial LP now owns 2,298 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 1,192 shares during the last quarter. Finally, CX Institutional acquired a new position in Kimco Realty during the second quarter worth approximately $62,000. Institutional investors and hedge funds own 92.33% of the company's stock.
Shares of KIM stock opened at $21.80 on Tuesday. The company has a market capitalization of $13.48 billion, a PE ratio of 145.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45. The firm has a fifty day simple moving average of $21.63 and a 200-day simple moving average of $21.28. Kimco Realty Corp has a twelve month low of $17.71 and a twelve month high of $26.57.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.92 annualized dividend and a dividend yield of 4.22%. Kimco Realty's dividend payout ratio (DPR) is presently 613.33%.
KIM has been the subject of several research analyst reports. StockNews.com raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 10th. Credit Suisse Group lowered shares of Kimco Realty from an "outperform" rating to a "neutral" rating and set a $22.00 price objective for the company. in a research report on Monday, January 9th. TheStreet raised shares of Kimco Realty from a "c+" rating to a "b-" rating in a research report on Tuesday, November 29th. Truist Financial lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $25.00 to $24.00 in a research report on Tuesday, January 17th. Finally, Mizuho lowered shares of Kimco Realty from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $22.00 to $21.00 in a research report on Tuesday, January 10th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $23.25.
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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