Andra AP fonden Has $6.35 Million Position in Kimco Realty Corporation $KIM

Andra AP fonden lessened its stake in Kimco Realty Corporation (NYSE:KIM) by 57.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 290,600 shares of the real estate investment trust’s stock after selling 385,900 shares during the period. Andra AP fonden’s holdings in Kimco Realty were worth $6,350,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Kimco Realty by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after buying an additional 38,554 shares during the period. Geneos Wealth Management Inc. bought a new position in Kimco Realty during the first quarter worth $61,000. Oppenheimer Asset Management Inc. raised its stake in Kimco Realty by 36.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 47,861 shares of the real estate investment trust’s stock worth $1,006,000 after buying an additional 12,700 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Kimco Realty by 21.2% in the second quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the real estate investment trust’s stock valued at $4,227,000 after buying an additional 35,238 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 0.4%

Shares of NYSE:KIM opened at $23.54 on Friday. The business’s 50 day simple moving average is $21.32 and its two-hundred day simple moving average is $21.29. The firm has a market cap of $15.87 billion, a P/E ratio of 29.06, a PEG ratio of 1.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.31. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.91.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is currently 128.40%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KIM. Evercore set a $24.00 price target on Kimco Realty in a report on Friday, February 13th. Citigroup decreased their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Robert W. Baird set a $25.00 target price on Kimco Realty in a report on Friday, February 13th. Truist Financial cut their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.18.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.