Grace & White Inc. NY Has $7.29 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Grace & White Inc. NY lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,878 shares of the real estate investment trust’s stock after purchasing an additional 10,500 shares during the period. Kimco Realty accounts for 1.3% of Grace & White Inc. NY’s portfolio, making the stock its 26th largest holding. Grace & White Inc. NY’s holdings in Kimco Realty were worth $7,285,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KIM. DnB Asset Management AS lifted its stake in shares of Kimco Realty by 51.7% in the third quarter. DnB Asset Management AS now owns 159,841 shares of the real estate investment trust’s stock valued at $2,812,000 after buying an additional 54,474 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Kimco Realty by 240.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 28,184 shares of the real estate investment trust’s stock valued at $496,000 after purchasing an additional 19,908 shares during the period. Czech National Bank lifted its holdings in Kimco Realty by 47.6% in the third quarter. Czech National Bank now owns 108,342 shares of the real estate investment trust’s stock worth $1,906,000 after buying an additional 34,960 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Kimco Realty by 16.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 273,574 shares of the real estate investment trust’s stock worth $4,812,000 after acquiring an additional 38,500 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Kimco Realty by 6.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock valued at $15,375,000 after purchasing an additional 55,450 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimco Realty

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

Kimco Realty Stock Up 0.2 %

Shares of KIM traded up $0.04 during mid-day trading on Tuesday, hitting $18.64. 4,005,877 shares of the company traded hands, compared to its average volume of 5,597,489. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $12.56 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 4.10 and a beta of 1.45. The business has a 50 day moving average of $19.08 and a 200 day moving average of $19.36.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.15%. Kimco Realty’s dividend payout ratio is currently 94.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup reiterated a “neutral” rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Robert W. Baird reduced their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. 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 report on Friday, April 5th. Mizuho dropped their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimco Realty currently has a consensus rating of “Hold” and a consensus price target of $21.67.

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.