abrdn plc Increases Holdings in Kimco Realty Corp (NYSE:KIM)

abrdn plc increased its stake in Kimco Realty Corp (NYSE:KIM) by 194.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,320,312 shares of the real estate investment trust’s stock after purchasing an additional 872,478 shares during the quarter. abrdn plc owned about 0.21% of Kimco Realty worth $28,136,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Kimco Realty in the fourth quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Kimco Realty in the third quarter valued at $27,000. Larson Financial Group LLC purchased a new position in shares of Kimco Realty in the third quarter valued at $42,000. Signaturefd LLC grew its position in Kimco Realty by 67.8% during the third quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,046 shares in the last quarter. Finally, Allworth Financial LP grew its position in Kimco Realty by 46.6% during the third quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 827 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the transaction, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on KIM. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Citigroup restated a “neutral” rating and set a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Bank of America restated a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird reduced their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Mizuho dropped their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.67.

Kimco Realty Trading Up 2.2 %

NYSE KIM opened at $18.60 on Tuesday. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $19.08 and a 200-day moving average of $19.36. The firm has a market cap of $12.54 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 4.10 and a beta of 1.45.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.16%. Kimco Realty’s dividend payout ratio is presently 94.12%.

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.