Kimco Realty Corp (NYSE:KIM) Shares Purchased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 196.6% in the second quarter, Holdings Channel reports. The fund owned 896,761 shares of the real estate investment trust’s stock after purchasing an additional 594,457 shares during the period. BNP Paribas Arbitrage SA’s holdings in Kimco Realty were worth $18,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KIM. Spirit of America Management Corp NY lifted its holdings in shares of Kimco Realty by 2.0% during the second quarter. Spirit of America Management Corp NY now owns 26,069 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 500 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Kimco Realty by 0.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 143,129 shares of the real estate investment trust’s stock worth $2,684,000 after buying an additional 560 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in shares of Kimco Realty by 4.1% in the 1st quarter. Cigna Investments Inc. New now owns 15,323 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 606 shares during the period. Aviva PLC boosted its stake in shares of Kimco Realty by 0.5% in the first quarter. Aviva PLC now owns 137,641 shares of the real estate investment trust’s stock valued at $2,581,000 after buying an additional 709 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Kimco Realty by 128.5% during the second quarter. Quadrant Capital Group LLC now owns 1,444 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 812 shares during the period. Institutional investors own 95.67% of the company’s stock.

Several brokerages recently commented on KIM. Truist Securities raised their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 30th. Truist boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 30th. Capital One Financial upgraded Kimco Realty from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Monday, August 2nd. Morgan Stanley boosted their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 19th. Finally, Barclays initiated coverage on Kimco Realty in a research report on Wednesday, September 1st. They set an “overweight” rating and a $27.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $22.96.

Shares of NYSE:KIM opened at $21.72 on Friday. The business has a 50-day moving average of $21.44 and a two-hundred day moving average of $20.71. The firm has a market capitalization of $13.31 billion, a PE ratio of 24.13, a P/E/G ratio of 2.20 and a beta of 1.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.50 and a quick ratio of 3.50. Kimco Realty Corp has a 12 month low of $10.03 and a 12 month high of $22.45.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Investors of record on Thursday, September 9th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, September 8th. Kimco Realty’s dividend payout ratio (DPR) is presently 58.12%.

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.

Recommended Story: Purposes and Functions of the Federal Reserve

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM).

Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.