Trade Report: Today, Kimco Realty Corp. (KIM) Downgraded by Stifel Nicolaus

Today, Kimco Realty Corp. (KIM) Downgraded by Stifel Nicolaus

Stifel Nicolaus lowered shares of Kimco Realty Corp. (NYSE:KIM) from a buy rating to a hold rating in a report issued on Monday.

Several other brokerages also recently weighed in on KIM. JPMorgan Chase & Co. boosted their price target on Kimco Realty Corp. from $30.00 to $32.00 and gave the company an overweight rating in a report on Thursday, August 11th. Citigroup Inc. downgraded Kimco Realty Corp. from a buy rating to a neutral rating and set a $32.00 price target for the company. in a report on Thursday, July 7th. Vetr downgraded Kimco Realty Corp. from a strong-buy rating to a buy rating and set a $33.15 price target for the company. in a report on Thursday, September 22nd. BTIG Research initiated coverage on Kimco Realty Corp. in a report on Thursday, August 25th. They issued a buy rating and a $34.00 price target for the company. Finally, Boenning Scattergood initiated coverage on Kimco Realty Corp. in a report on Tuesday, June 28th. They issued a neutral rating for the company. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Kimco Realty Corp. currently has a consensus rating of Buy and a consensus price target of $31.33.

Kimco Realty Corp. (NYSE:KIM) opened at 27.69 on Monday. The stock has a market cap of $11.63 billion, a P/E ratio of 15.51 and a beta of 0.95. Kimco Realty Corp. has a 12 month low of $24.75 and a 12 month high of $32.24. The firm’s 50-day moving average price is $29.44 and its 200-day moving average price is $29.50.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Wednesday, October 5th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.02 annualized dividend and a yield of 3.68%. Kimco Realty Corp.’s dividend payout ratio is currently 56.98%.

In related news, Director Philip E. Coviello, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $31.17 per share, for a total transaction of $31,170.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its position in Kimco Realty Corp. by 347.0% in the second quarter. Cohen & Steers Inc. now owns 3,596,451 shares of the real estate investment trust’s stock worth $189,893,000 after buying an additional 2,791,945 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Kimco Realty Corp. by 9.1% in the second quarter. JPMorgan Chase & Co. now owns 32,191,757 shares of the real estate investment trust’s stock worth $1,010,179,000 after buying an additional 2,691,051 shares during the last quarter. Principal Financial Group Inc. boosted its position in Kimco Realty Corp. by 214.6% in the second quarter. Principal Financial Group Inc. now owns 3,438,252 shares of the real estate investment trust’s stock worth $107,892,000 after buying an additional 2,345,280 shares during the last quarter. Janus Capital Management LLC boosted its position in Kimco Realty Corp. by 338.4% in the second quarter. Janus Capital Management LLC now owns 3,015,921 shares of the real estate investment trust’s stock worth $94,640,000 after buying an additional 2,328,010 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Kimco Realty Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 69,130,261 shares of the real estate investment trust’s stock worth $2,169,308,000 after buying an additional 1,879,171 shares during the last quarter. 93.67% of the stock is owned by institutional investors.

About Kimco Realty Corp.

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