Cbre Investment Management Listed Real Assets LLC Purchases Shares of 206,448 Kimco Realty Corporation $KIM

Cbre Investment Management Listed Real Assets LLC acquired a new position in Kimco Realty Corporation (NYSE:KIM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 206,448 shares of the real estate investment trust’s stock, valued at approximately $4,511,000.

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

Analyst Upgrades and Downgrades

KIM has been the subject of several recent analyst reports. UBS Group dropped their price objective on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Evercore set a $24.00 target price on shares of Kimco Realty in a report on Friday, February 13th. Piper Sandler lifted their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Truist Financial cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Citigroup reduced their price objective on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $24.23.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.18 on Thursday. The stock’s fifty day moving average is $21.82 and its two-hundred day moving average is $21.40. The company has a market capitalization of $15.62 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.91.

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 paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, March 6th. Kimco Realty’s payout ratio is currently 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.