Kimco Realty Corporation $KIM Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in Kimco Realty Corporation (NYSE:KIM) by 53.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,582 shares of the real estate investment trust’s stock after selling 249,398 shares during the quarter. Korea Investment CORP’s holdings in Kimco Realty were worth $4,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Kimco Realty during the 3rd quarter worth about $27,000. City Holding Co. acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $30,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty during the 2nd quarter worth about $37,000. Lavaca Capital LLC lifted its stake in Kimco Realty by 869.5% during the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,739 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Kimco Realty during the second quarter worth approximately $42,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on KIM. Barclays reiterated an “overweight” rating and issued a $25.00 price target on shares of Kimco Realty in a research note on Tuesday, January 13th. Piper Sandler boosted their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th. Scotiabank cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Finally, Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.23.

Kimco Realty Trading Down 1.0%

KIM opened at $22.93 on Friday. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.91. The business’s 50 day moving average is $21.87 and its two-hundred day moving average is $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.

Kimco Realty Announces Dividend

The firm 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 dividend of $0.26 per share. The ex-dividend date is Friday, March 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. Kimco Realty’s dividend payout ratio (DPR) is 128.40%.

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.