Centiva Capital LP Sells 31,199 Shares of Kimco Realty Corporation $KIM

Centiva Capital LP trimmed its position in Kimco Realty Corporation (NYSE:KIM) by 25.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,743 shares of the real estate investment trust’s stock after selling 31,199 shares during the quarter. Centiva Capital LP’s holdings in Kimco Realty were worth $2,026,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $2,351,000 after buying an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Kimco Realty by 6.4% in 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 acquiring an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Kimco Realty in the first quarter valued at about $61,000. Campbell & CO Investment Adviser LLC bought a new position in Kimco Realty during the second quarter worth about $332,000. Finally, ProShare Advisors LLC increased its position in Kimco Realty by 0.9% during the second quarter. ProShare Advisors LLC now owns 198,956 shares of the real estate investment trust’s stock worth $4,182,000 after acquiring an additional 1,736 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.2%

KIM stock opened at $22.90 on Friday. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.91. The business has a 50-day simple moving average of $21.93 and a 200 day simple moving average of $21.41. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78. The company has a market cap of $15.44 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.04 annualized dividend and a dividend yield of 4.5%. Kimco Realty’s payout ratio is presently 128.40%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KIM. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, December 15th. Piper Sandler raised their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Argus reiterated a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research report on Monday, December 1st. UBS Group dropped their price target on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Robert W. Baird set a $25.00 price target on Kimco Realty in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average price target of $24.23.

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.