Securian Asset Management Inc. Decreases Holdings in Kimco Realty Corp (NYSE:KIM)

Securian Asset Management Inc. reduced its position in Kimco Realty Corp (NYSE:KIM) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,709 shares of the real estate investment trust’s stock after selling 774 shares during the quarter. Securian Asset Management Inc.’s holdings in Kimco Realty were worth $931,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Kimco Realty in the third quarter worth about $27,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Kimco Realty during the 4th quarter worth approximately $27,000. Headlands Technologies LLC acquired a new position in Kimco Realty during the 4th quarter valued at approximately $27,000. Principal Securities Inc. purchased a new position in shares of Kimco Realty in the fourth quarter worth $29,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Kimco Realty during the fourth quarter worth $33,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KIM shares. Bank of America reissued a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Truist Financial decreased their target price on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday. Robert W. Baird dropped their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Citigroup reissued a “neutral” rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.65.

Kimco Realty Trading Up 0.6 %

KIM stock opened at $19.03 on Wednesday. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. The firm has a market cap of $12.83 billion, a P/E ratio of 35.91, a PEG ratio of 2.89 and a beta of 1.46. The company’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $19.61.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.04%. Kimco Realty’s dividend payout ratio is currently 181.14%.

Kimco Realty Company Profile

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.