Duality Advisers LP Has $650,000 Holdings in Kimco Realty Corp (NYSE:KIM)

Duality Advisers LP cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 74.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,489 shares of the real estate investment trust’s stock after selling 88,772 shares during the quarter. Duality Advisers LP’s holdings in Kimco Realty were worth $650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KIM. Cetera Trust Company N.A bought a new stake in Kimco Realty in the fourth quarter valued at $169,000. CWM LLC grew its position in Kimco Realty by 20.8% in the fourth quarter. CWM LLC now owns 10,388 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 1,788 shares during the period. Criterion Capital Advisors LLC bought a new stake in Kimco Realty in the fourth quarter valued at $33,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Kimco Realty by 7.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 161,654 shares of the real estate investment trust’s stock valued at $3,445,000 after acquiring an additional 10,917 shares during the period. Finally, Signaturefd LLC grew its position in Kimco Realty by 155.4% in the fourth quarter. Signaturefd LLC now owns 6,610 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 4,022 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 0.5 %

Shares of KIM opened at $18.53 on Thursday. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The firm has a market capitalization of $12.49 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 4.20 and a beta of 1.45. The stock’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $19.37.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America reiterated a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird lowered their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Citigroup restated a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Mizuho decreased their target price on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.