Vanguard Group Inc. Decreases Stock Position in Kimco Realty Corporation $KIM

Vanguard Group Inc. trimmed its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,609,437 shares of the real estate investment trust’s stock after selling 589,903 shares during the period. Vanguard Group Inc. owned approximately 0.16% of Kimco Realty worth $2,373,116,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kimco Realty by 6.4% during the 1st 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 valued at $13,593,000 after acquiring an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Kimco Realty during the 1st quarter valued at about $61,000. CWM LLC grew its stake in shares of Kimco Realty by 13.7% in the second quarter. CWM LLC now owns 15,035 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 1,813 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Kimco Realty by 2.9% in the second quarter. Nordea Investment Management AB now owns 58,100 shares of the real estate investment trust’s stock worth $1,211,000 after acquiring an additional 1,656 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Argus reiterated a “buy” rating and set a $27.00 price objective on shares of Kimco Realty in a research report on Monday, December 1st. Barclays reissued an “overweight” rating and issued a $25.00 target price on shares of Kimco Realty in a report on Tuesday, January 13th. Robert W. Baird set a $25.00 price target on Kimco Realty in a research note on Friday, February 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.18.

Kimco Realty Trading Down 0.4%

Shares of KIM stock opened at $22.57 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.31. The stock has a fifty day simple moving average of $20.95 and a two-hundred day simple moving average of $21.20. The firm has a market capitalization of $15.28 billion, a PE ratio of 27.86, a PEG ratio of 1.27 and a beta of 1.07. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.22.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. Kimco Realty’s payout ratio is 128.40%.

Kimco Realty Company Profile

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.