Kimco Realty Corporation $KIM Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 66.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 147,765 shares of the real estate investment trust’s stock after purchasing an additional 59,219 shares during the quarter. NEOS Investment Management LLC’s holdings in Kimco Realty were worth $3,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Kimco Realty by 59.0% during the 1st 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 acquiring an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 worth $13,593,000 after purchasing an additional 38,554 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Kimco Realty during the 1st quarter valued at $61,000. CWM LLC increased its holdings in shares of Kimco Realty by 13.7% during the 2nd quarter. CWM LLC now owns 15,035 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 1,813 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Kimco Realty by 2.9% in the 2nd quarter. Nordea Investment Management AB now owns 58,100 shares of the real estate investment trust’s stock worth $1,211,000 after buying an additional 1,656 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the subject of several research analyst reports. Barclays restated an “overweight” rating and set a $25.00 price target on shares of Kimco Realty in a research note on Tuesday, January 13th. Evercore set a $24.00 target price on shares of Kimco Realty in a research note on Friday, February 13th. Mizuho set a $21.00 price target on shares of Kimco Realty in a research report on Friday, January 9th. Scotiabank lowered their price target on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Finally, Citigroup reduced 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.18.

Kimco Realty Stock Performance

Shares of KIM stock opened at $22.57 on Friday. The company’s fifty day moving average price is $20.95 and its two-hundred day moving average price is $21.20. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.59. The firm has a market capitalization of $15.28 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.27 and a beta of 1.07. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $23.22.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.6%. 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.