Tredje AP fonden Buys 40,231 Shares of Kimco Realty Corporation $KIM

Tredje AP fonden raised its stake in Kimco Realty Corporation (NYSE:KIM) by 75.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 93,221 shares of the real estate investment trust’s stock after buying an additional 40,231 shares during the quarter. Tredje AP fonden’s holdings in Kimco Realty were worth $2,037,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KIM. Values First Advisors Inc. raised its stake in Kimco Realty by 1.7% in the third quarter. Values First Advisors Inc. now owns 27,590 shares of the real estate investment trust’s stock valued at $603,000 after purchasing an additional 450 shares in the last quarter. Jump Financial LLC grew its stake in Kimco Realty by 5.1% during the second quarter. Jump Financial LLC now owns 12,932 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 633 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Kimco Realty by 6.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,556 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 640 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Kimco Realty by 6.6% in the 3rd quarter. Miracle Mile Advisors LLC now owns 10,960 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 674 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its position in shares of Kimco Realty by 6.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,609 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 674 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KIM. Robert W. Baird set a $25.00 price target on shares of Kimco Realty in a research report on Friday, February 13th. Scotiabank reduced their target price on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Wells Fargo & Company dropped their price objective 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. Finally, Evercore set a $24.00 target price on Kimco Realty in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $24.18.

Kimco Realty Stock Up 2.6%

Shares of KIM opened at $23.16 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.31. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.22. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.30 and a beta of 1.07. The stock has a fifty day moving average of $21.01 and a 200-day moving average of $21.21.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 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.