Kimco Realty Corporation $KIM Shares Purchased by AGF Management Ltd.

AGF Management Ltd. grew its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 42.8% in the third quarter, HoldingsChannel reports. The fund owned 120,037 shares of the real estate investment trust’s stock after buying an additional 35,967 shares during the quarter. AGF Management Ltd.’s holdings in Kimco Realty were worth $2,623,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Knights of Columbus Asset Advisors LLC lifted its holdings 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 acquiring an additional 34,251 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $4,653,000. AlphaQuest LLC boosted its position in shares of Kimco Realty by 124.0% in the third quarter. AlphaQuest LLC now owns 119,706 shares of the real estate investment trust’s stock worth $2,616,000 after buying an additional 66,269 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Kimco Realty in the third quarter valued at about $1,100,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Kimco Realty during the 2nd quarter valued at about $13,358,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Price Performance

KIM opened at $21.50 on Thursday. The company has a market capitalization of $14.56 billion, a P/E ratio of 25.90, a PEG ratio of 1.14 and a beta of 1.07. The company has a 50-day moving average of $20.49 and a 200-day moving average of $21.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $23.03.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Mizuho set a $21.00 price target on Kimco Realty in a report on Friday, January 9th. Wall Street Zen lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Sunday, December 28th. Argus reiterated a “buy” rating and issued a $27.00 price objective on shares of Kimco Realty in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company dropped their target price on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.89.

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.