Runnymede Capital Advisors Inc. Buys New Position in Kimco Realty Corporation $KIM

Runnymede Capital Advisors Inc. bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 4th quarter, HoldingsChannel reports. The firm bought 44,419 shares of the real estate investment trust’s stock, valued at approximately $900,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC raised its position in shares of Kimco Realty by 94.1% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 70,662 shares of the real estate investment trust’s stock valued at $1,544,000 after buying an additional 34,251 shares in the last quarter. Centersquare Investment Management LLC grew its position in Kimco Realty by 1.6% in the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock worth $260,784,000 after acquiring an additional 188,261 shares in the last quarter. AE Wealth Management LLC bought a new position in Kimco Realty in the third quarter valued at $4,653,000. AlphaQuest LLC increased its stake in Kimco Realty by 124.0% in the third quarter. AlphaQuest LLC now owns 119,706 shares of the real estate investment trust’s stock valued at $2,616,000 after acquiring an additional 66,269 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Kimco Realty during the third quarter valued at about $1,100,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KIM. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Robert W. Baird set a $25.00 price objective on Kimco Realty in a report on Friday, February 13th. Evercore set a $24.00 target price on Kimco Realty in a research note on Friday, February 13th. Morgan Stanley set a $23.50 price target on shares of Kimco Realty in a research report on Monday, January 5th. Finally, Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.70.

Kimco Realty Stock Down 0.0%

Shares of NYSE:KIM opened at $22.60 on Monday. The stock has a market capitalization of $15.23 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03. The stock’s 50-day moving average price is $22.51 and its 200-day moving average price is $21.42. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $23.91.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 128.40%.

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.