Kimco Realty Corporation $KIM Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its position in shares of Kimco Realty Corporation (NYSE:KIM) by 13.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 163,732 shares of the real estate investment trust’s stock after selling 26,000 shares during the quarter. Wasatch Advisors LP’s holdings in Kimco Realty were worth $4,151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 valued at $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 increased its position 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 worth $13,593,000 after acquiring an additional 38,554 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Kimco Realty in the 1st quarter valued at $61,000. Quantbot Technologies LP purchased a new position in shares of Kimco Realty in the 2nd quarter valued at $331,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Kimco Realty by 30.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE:KIM opened at $24.15 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a 50-day moving average of $25.21 and a two-hundred day moving average of $23.77. The stock has a market cap of $16.20 billion, a P/E ratio of 28.41, a PEG ratio of 2.56 and a beta of 0.95. Kimco Realty Corporation has a 1-year low of $19.76 and a 1-year high of $26.65.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a $0.28 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. Kimco Realty’s dividend payout ratio (DPR) is currently 131.76%.

Analysts Set New Price Targets

A number of analysts recently weighed in on KIM shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $28.00 price target on shares of Kimco Realty in a research report on Tuesday. Piper Sandler boosted their price objective on Kimco Realty from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Citigroup upped their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Evercore set a $25.00 price target on Kimco Realty in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.