GAMMA Investing LLC Invests $158,000 in Kimco Realty Corp (NYSE:KIM)

GAMMA Investing LLC acquired a new position in Kimco Realty Corp (NYSE:KIM) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 7,821 shares of the real estate investment trust’s stock, valued at approximately $158,000.

Several other institutional investors have also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Kimco Realty during the fourth quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Kimco Realty during the third quarter worth about $27,000. Criterion Capital Advisors LLC purchased a new stake in shares of Kimco Realty during the fourth quarter worth about $33,000. Larson Financial Group LLC purchased a new stake in shares of Kimco Realty during the third quarter worth about $42,000. Finally, Signaturefd LLC grew its position in shares of Kimco Realty by 67.8% during the third quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,046 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the sale, the director now directly owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on KIM shares. Citigroup reiterated a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Robert W. Baird cut their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Mizuho cut their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Finally, Bank of America restated a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.48.

Kimco Realty Price Performance

Shares of KIM stock opened at $18.38 on Friday. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. The firm has a market capitalization of $12.39 billion, a P/E ratio of 18.01, a P/E/G ratio of 4.16 and a beta of 1.45. The stock has a 50 day moving average price of $18.99 and a 200 day moving average price of $19.38.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

About Kimco Realty

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.