Tyche Wealth Partners LLC Makes New Investment in Kimco Realty Corp (NYSE:KIM)

Tyche Wealth Partners LLC bought a new position in shares of Kimco Realty Corp (NYSE:KIM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,532 shares of the real estate investment trust’s stock, valued at approximately $246,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Kimco Realty in the 3rd quarter valued at about $27,000. VitalStone Financial LLC bought a new position in shares of Kimco Realty in the 1st quarter valued at about $39,000. Larson Financial Group LLC bought a new position in shares of Kimco Realty in the 3rd quarter valued at about $42,000. Allworth Financial LP grew its holdings in Kimco Realty by 46.6% during the third quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 827 shares during the period. Finally, Signaturefd LLC grew its holdings in 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 during the period. 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 the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the transaction, the director now directly owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

KIM has been the subject of a number of research analyst reports. Mizuho reduced 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. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target for the company. Robert W. Baird reduced 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. Citigroup restated a “neutral” rating and set a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Bank of America restated a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.67.

Kimco Realty Stock Down 0.1 %

NYSE KIM opened at $17.60 on Thursday. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 3.97 and a beta of 1.45. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The company has a 50 day moving average of $19.19 and a 200-day moving average of $19.32.

Kimco Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.45%. Kimco Realty’s dividend payout ratio is currently 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.