Yousif Capital Management LLC Sells 4,122 Shares of Kimco Realty Corp (NYSE:KIM)

Yousif Capital Management LLC trimmed its position in shares of Kimco Realty Corp (NYSE:KIM) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,231 shares of the real estate investment trust’s stock after selling 4,122 shares during the period. Yousif Capital Management LLC’s holdings in Kimco Realty were worth $2,264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Kimco Realty during the fourth quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Kimco Realty in the third quarter worth about $27,000. Criterion Capital Advisors LLC bought a new position in Kimco Realty in the fourth quarter worth about $33,000. Larson Financial Group LLC bought a new position in Kimco Realty in the third quarter worth about $42,000. Finally, Signaturefd LLC raised its stake in Kimco Realty by 67.8% in the third quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,046 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Frank Lourenso sold 8,890 shares of the firm’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 value of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty Trading Down 1.0 %

NYSE:KIM opened at $18.63 on Wednesday. The company’s 50 day moving average price is $18.95 and its 200-day moving average price is $19.43. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week 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 stock has a market cap of $12.56 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 4.15 and a beta of 1.45.

Kimco Realty Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KIM shares. Citigroup reissued a “neutral” rating and issued a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Robert W. Baird decreased their price target 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. Mizuho decreased their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Finally, Bank of America reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.48.

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.