Kimco Realty Corp (NYSE:KIM) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Kimco Realty Corp (NYSE:KIM) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,202,302 shares of the real estate investment trust’s stock after acquiring an additional 37,243 shares during the period. Public Employees Retirement System of Ohio owned 0.18% of Kimco Realty worth $23,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Kimco Realty in the 4th quarter valued at about $27,000. Headlands Technologies LLC purchased a new position in Kimco Realty in the 4th quarter valued at about $27,000. Principal Securities Inc. purchased a new position in Kimco Realty in the 4th quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new position in Kimco Realty in the 4th quarter valued at about $33,000. Finally, Fidelis Capital Partners LLC purchased a new position in Kimco Realty in the 1st quarter valued at about $70,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Up 0.9 %

KIM traded up $0.20 on Monday, reaching $21.39. 4,143,431 shares of the company’s stock were exchanged, compared to its average volume of 4,843,859. The company’s 50 day moving average is $19.46 and its 200-day moving average is $19.38. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 4.08 and a beta of 1.51. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $22.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.86 and a current ratio of 1.86.

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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Wall Street Analysts Forecast Growth

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

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.