Thrivent Financial for Lutherans Sells 64,302 Shares of Kimco Realty Corporation $KIM

Thrivent Financial for Lutherans trimmed its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,718 shares of the real estate investment trust’s stock after selling 64,302 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kimco Realty were worth $6,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service boosted its position in shares of Kimco Realty by 90.5% during the 3rd quarter. National Pension Service now owns 66,615 shares of the real estate investment trust’s stock valued at $1,456,000 after acquiring an additional 31,654 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in Kimco Realty by 2.3% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 321,698 shares of the real estate investment trust’s stock valued at $7,029,000 after purchasing an additional 7,338 shares in the last quarter. AlphaQuest LLC lifted its position in Kimco Realty by 124.0% during the third quarter. AlphaQuest LLC now owns 119,706 shares of the real estate investment trust’s stock valued at $2,616,000 after purchasing an additional 66,269 shares during the last quarter. Arizona State Retirement System lifted its position in Kimco Realty by 0.6% during the third quarter. Arizona State Retirement System now owns 199,786 shares of the real estate investment trust’s stock valued at $4,365,000 after purchasing an additional 1,181 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its stake in 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 worth $1,544,000 after buying an additional 34,251 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.8%

Shares of NYSE:KIM opened at $21.68 on Friday. The stock’s 50-day moving average price is $20.51 and its 200-day moving average price is $21.15. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $23.03. The stock has a market capitalization of $14.68 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.07. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KIM shares. Mizuho set a $21.00 price objective on shares of Kimco Realty in a research report on Friday, January 9th. Wall Street Zen downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Truist Financial cut their price objective on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Wells Fargo & Company decreased their price objective on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Finally, Scotiabank dropped their target price on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.