Advisor Group Holdings Inc. Increases Stock Position in Kimco Realty Corp (NYSE:KIM)

Advisor Group Holdings Inc. boosted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,124 shares of the real estate investment trust’s stock after buying an additional 4,593 shares during the period. Advisor Group Holdings Inc.’s holdings in Kimco Realty were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. The Manufacturers Life Insurance Company lifted its stake in shares of Kimco Realty by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 427,805 shares of the real estate investment trust’s stock worth $8,022,000 after purchasing an additional 4,687 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Kimco Realty by 18.6% during the first quarter. Envestnet Asset Management Inc. now owns 243,899 shares of the real estate investment trust’s stock valued at $4,573,000 after buying an additional 38,303 shares during the last quarter. Commerce Bank bought a new stake in shares of Kimco Realty in the 1st quarter valued at about $198,000. Standard Life Aberdeen plc grew its position in shares of Kimco Realty by 18.8% in the 1st quarter. Standard Life Aberdeen plc now owns 1,207,763 shares of the real estate investment trust’s stock worth $22,652,000 after buying an additional 190,913 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Kimco Realty by 8.5% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 200,547 shares of the real estate investment trust’s stock worth $3,760,000 after acquiring an additional 15,754 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

KIM opened at $21.72 on Friday. The firm has a fifty day moving average price of $21.44 and a 200 day moving average price of $20.71. Kimco Realty Corp has a 1 year low of $10.03 and a 1 year high of $22.45. The stock has a market cap of $13.31 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.20 and a beta of 1.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.50 and a quick ratio of 3.50.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, September 9th will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.13%. Kimco Realty’s dividend payout ratio (DPR) is currently 58.12%.

Several research firms have issued reports on KIM. Scotiabank lifted their price target on shares of Kimco Realty from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Monday, June 28th. Capital One Financial raised Kimco Realty from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Monday, August 2nd. Truist raised their price target on Kimco Realty from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 30th. Truist Securities increased their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, June 8th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $22.96.

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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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