DekaBank Deutsche Girozentrale Raises Holdings in Kimco Realty Corp (NYSE:KIM)

DekaBank Deutsche Girozentrale increased its position in Kimco Realty Corp (NYSE:KIM) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 395,627 shares of the real estate investment trust’s stock after buying an additional 16,876 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Kimco Realty were worth $7,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Kimco Realty by 157.1% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 167,422 shares of the real estate investment trust’s stock valued at $3,568,000 after acquiring an additional 102,300 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in shares of Kimco Realty by 2.9% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 342,244 shares of the real estate investment trust’s stock valued at $7,293,000 after acquiring an additional 9,500 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Kimco Realty by 71.0% during the first quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock valued at $3,531,000 after acquiring an additional 74,729 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Kimco Realty by 7.7% during the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock valued at $2,162,347,000 after acquiring an additional 7,931,013 shares in the last quarter. Finally, Evoke Wealth LLC acquired a new stake in shares of Kimco Realty during the fourth quarter valued at about $4,181,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of KIM traded down $0.08 during mid-day trading on Friday, reaching $21.93. 4,591,199 shares of the company’s stock traded hands, compared to its average volume of 4,417,856. The business’s 50-day moving average price is $19.76 and its 200-day moving average price is $19.43. The stock has a market capitalization of $14.78 billion, a P/E ratio of 41.38, a price-to-earnings-growth ratio of 4.23 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.73. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.38%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial reduced their price target on shares of 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 reduced their price target on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Kimco Realty currently has an average rating of “Hold” and a consensus target price of $21.98.

Kimco Realty 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.