Duality Advisers LP Grows Position in Kimco Realty Corp (NYSE:KIM)

Duality Advisers LP lifted its stake in Kimco Realty Corp (NYSE:KIM) by 84.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,144 shares of the real estate investment trust’s stock after buying an additional 25,655 shares during the quarter. Duality Advisers LP’s holdings in Kimco Realty were worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its holdings in shares of Kimco Realty by 10.2% in the first quarter. Texas Permanent School Fund Corp now owns 137,698 shares of the real estate investment trust’s stock worth $2,700,000 after buying an additional 12,735 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Kimco Realty by 6.6% in the first quarter. Nordea Investment Management AB now owns 52,630 shares of the real estate investment trust’s stock worth $1,030,000 after buying an additional 3,279 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Kimco Realty in the first quarter worth $70,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Kimco Realty by 7.5% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,961 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 1,599 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Kimco Realty by 63.5% during the first quarter. BNP Paribas Financial Markets now owns 1,031,957 shares of the real estate investment trust’s stock valued at $20,237,000 after purchasing an additional 400,825 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.4 %

Shares of NYSE KIM traded up $0.29 during mid-day trading on Friday, reaching $20.58. The company had a trading volume of 4,042,720 shares, compared to its average volume of 4,880,243. The business’s 50-day moving average is $19.01 and its 200-day moving average is $19.41. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.71. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 3.80 and a beta of 1.51. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Thursday, June 6th. Kimco Realty’s payout ratio is presently 181.14%.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent research reports. Mizuho decreased 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 note on Thursday, May 23rd. Truist Financial decreased 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 note on Monday, May 20th. Bank of America reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Citigroup reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Finally, Robert W. Baird decreased their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.52.

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.