Kimco Realty Corp (NYSE:KIM) Stock Position Lifted by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC boosted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 11.8% during the first quarter, HoldingsChannel.com reports. The firm owned 92,769 shares of the real estate investment trust’s stock after acquiring an additional 9,762 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in Kimco Realty were worth $1,819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Kimco Realty during the fourth quarter valued at approximately $27,000. Headlands Technologies LLC acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $27,000. Principal Securities Inc. acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $33,000. Finally, Mather Group LLC. acquired a new stake in Kimco Realty in the first quarter valued at approximately $82,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KIM. Mizuho reduced their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Truist Financial reduced their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Citigroup restated a “neutral” rating and issued a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Robert W. Baird reduced their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Finally, Bank of America restated a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.52.

Kimco Realty Stock Performance

Kimco Realty stock traded up $0.37 on Friday, hitting $19.46. The company’s stock had a trading volume of 7,838,995 shares, compared to its average volume of 3,850,579. The firm has a market cap of $13.12 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 3.69 and a beta of 1.50. 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 company has a fifty day moving average price of $18.86 and a 200-day moving average price of $19.55. Kimco Realty Corp has a one year low of $16.34 and a one year high of $22.83.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.93%. The ex-dividend date was Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

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.