Murphy Pohlad Asset Management LLC Purchases 1,140 Shares of Kimco Realty Corp (NYSE:KIM)

Murphy Pohlad Asset Management LLC increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,872 shares of the real estate investment trust’s stock after buying an additional 1,140 shares during the quarter. Kimco Realty accounts for about 1.7% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Murphy Pohlad Asset Management LLC’s holdings in Kimco Realty were worth $4,025,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Inscription Capital LLC bought a new position in shares of Kimco Realty during the fourth quarter worth about $210,000. Douglas Lane & Associates LLC boosted its position in Kimco Realty by 0.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 1,460,776 shares of the real estate investment trust’s stock valued at $31,129,000 after purchasing an additional 4,461 shares during the last quarter. Pacer Advisors Inc. boosted its position in Kimco Realty by 4.6% during the fourth quarter. Pacer Advisors Inc. now owns 40,878 shares of the real estate investment trust’s stock valued at $871,000 after purchasing an additional 1,812 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Kimco Realty during the fourth quarter valued at approximately $8,217,000. Finally, SG Americas Securities LLC boosted its position in Kimco Realty by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock valued at $4,406,000 after purchasing an additional 91,161 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on KIM shares. TheStreet raised Kimco Realty from a “c+” rating to a “b-” rating in a research report on Thursday, December 7th. Piper Sandler increased their price target on Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target for the company. Mizuho reduced their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Citigroup reissued a “neutral” rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and an average target price of $21.89.

Kimco Realty Stock Performance

KIM opened at $19.61 on Friday. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 3.80 and a beta of 1.45. The business has a 50 day moving average of $19.70 and a 200-day moving average of $19.30. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 4.90%. Kimco Realty’s payout ratio is currently 94.12%.

Insider Buying and Selling

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

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.