Timbercreek Investment Management Inc. reduced its stake in Kimco Realty Corp (NYSE:KIM) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 267,707 shares of the real estate investment trust’s stock after selling 9,700 shares during the quarter. Timbercreek Investment Management Inc. owned about 0.06% of Kimco Realty worth $3,922,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KIM. Virginia Retirement Systems ET AL lifted its position in shares of Kimco Realty by 1.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 257,100 shares of the real estate investment trust’s stock valued at $4,304,000 after buying an additional 3,200 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Kimco Realty by 5.4% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 67,609 shares of the real estate investment trust’s stock worth $1,132,000 after purchasing an additional 3,464 shares during the last quarter. Stoneridge Investment Partners LLC grew its position in Kimco Realty by 12.6% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 33,997 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 3,800 shares in the last quarter. Dupont Capital Management Corp grew its position in Kimco Realty by 7.6% in the 3rd quarter. Dupont Capital Management Corp now owns 60,859 shares of the real estate investment trust’s stock valued at $1,019,000 after acquiring an additional 4,291 shares in the last quarter. Finally, Norinchukin Bank The grew its position in Kimco Realty by 8.3% in the 3rd quarter. Norinchukin Bank The now owns 62,523 shares of the real estate investment trust’s stock valued at $1,047,000 after acquiring an additional 4,805 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Philip E. Coviello, Jr. bought 5,000 shares of the stock in a transaction dated Thursday, December 20th. The stock was acquired at an average price of $14.91 per share, for a total transaction of $74,550.00. Following the completion of the purchase, the director now owns 52,965 shares in the company, valued at $789,708.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

Shares of Kimco Realty stock traded up $0.05 during trading hours on Friday, reaching $15.85. The stock had a trading volume of 113,602 shares, compared to its average volume of 3,613,772. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.45. Kimco Realty Corp has a 1 year low of $13.16 and a 1 year high of $17.96.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.07%. Kimco Realty’s dividend payout ratio (DPR) is currently 72.26%.

A number of equities analysts have recently commented on KIM shares. Zacks Investment Research raised Kimco Realty from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, December 31st. Scotiabank initiated coverage on Kimco Realty in a research note on Tuesday, October 16th. They set an “underperform” rating for the company. Finally, ValuEngine upgraded Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Kimco Realty has an average rating of “Hold” and a consensus price target of $17.75.

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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 September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 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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