35,731 Shares in Kimco Realty Corporation $KIM Bought by Pensionfund PDN

Pensionfund PDN bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,731 shares of the real estate investment trust’s stock, valued at approximately $724,000.

Several other hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kimco Realty by 59.0% in 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 lifted its position in shares of Kimco Realty by 6.4% during the 1st 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 buying an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Kimco Realty during the 1st quarter valued at about $61,000. Creative Planning grew its stake in shares of Kimco Realty by 16.8% during the 2nd quarter. Creative Planning now owns 57,117 shares of the real estate investment trust’s stock valued at $1,201,000 after acquiring an additional 8,210 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Kimco Realty by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 67,876 shares of the real estate investment trust’s stock valued at $1,427,000 after acquiring an additional 4,549 shares during the period. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the subject of several analyst reports. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Mizuho set a $21.00 price target on shares of Kimco Realty in a research report on Friday, January 9th. JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Piper Sandler raised their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Argus restated a “buy” rating and set a $27.00 target price on shares of Kimco Realty in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.57.

Kimco Realty Trading Up 1.6%

Shares of KIM opened at $22.70 on Tuesday. The firm has a market cap of $15.30 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 1.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $23.91. The company has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $21.42.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 128.40%.

Kimco Realty 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.