Swiss National Bank Has $42.62 Million Stock Position in Kimco Realty Corporation $KIM

Swiss National Bank lowered its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 5.2% during the third quarter, Holdings Channel reports. The firm owned 1,950,333 shares of the real estate investment trust’s stock after selling 106,700 shares during the period. Swiss National Bank’s holdings in Kimco Realty were worth $42,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kimco Realty by 59.0% in the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 valued at $13,593,000 after buying an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Kimco Realty in the first quarter worth about $61,000. Envestnet Asset Management Inc. boosted its stake in shares of Kimco Realty by 21.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the real estate investment trust’s stock worth $4,227,000 after acquiring an additional 35,238 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Kimco Realty during the 2nd quarter worth about $332,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE:KIM opened at $22.93 on Friday. The firm’s 50-day moving average is $21.87 and its 200-day moving average is $21.41. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 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 declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, March 6th. Kimco Realty’s payout ratio is currently 128.40%.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Citigroup cut their price objective on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Wells Fargo & Company decreased their target price on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, December 15th. Piper Sandler increased their price target on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Weiss Ratings raised shares of Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Finally, Scotiabank reduced their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued 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 $24.23.

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.