Kimco Realty Corp (NYSE:KIM) Stock Position Raised by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 228.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 997,181 shares of the real estate investment trust’s stock after purchasing an additional 693,349 shares during the quarter. National Bank of Canada FI’s holdings in Kimco Realty were worth $18,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of KIM. Vanguard Group Inc. grew its position in shares of Kimco Realty by 7.7% during the 1st 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 buying an additional 7,931,013 shares during the last quarter. Norges Bank bought a new position in Kimco Realty in the 4th quarter worth about $150,326,000. Centersquare Investment Management LLC grew its position in Kimco Realty by 76.8% in the 1st quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock worth $269,531,000 after purchasing an additional 6,282,891 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Kimco Realty in the 4th quarter worth about $84,678,000. Finally, Cohen & Steers Inc. grew its position in Kimco Realty by 7.3% in the 4th quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after purchasing an additional 3,022,995 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the subject of several recent analyst reports. Truist Financial decreased their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Monday, May 20th. Robert W. Baird decreased their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Mizuho decreased 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 report on Thursday, May 23rd. Finally, Bank of America restated a “neutral” rating and issued a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.52.

Kimco Realty Price Performance

KIM stock traded down $0.45 on Wednesday, hitting $20.90. 5,139,815 shares of the company’s stock traded hands, compared to its average volume of 4,880,942. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 39.43, a P/E/G ratio of 4.14 and a beta of 1.51. The stock has a fifty day moving average of $19.38 and a 200-day moving average of $19.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.59%. The ex-dividend date was Thursday, June 6th. Kimco Realty’s dividend payout ratio is presently 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.