62,976 Shares in Kimco Realty Corporation $KIM Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 62,976 shares of the real estate investment trust’s stock, valued at approximately $1,596,000.

Other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp raised its holdings in shares of Kimco Realty by 4,368.2% in the fourth quarter. M&T Bank Corp now owns 791,494 shares of the real estate investment trust’s stock valued at $16,044,000 after buying an additional 773,780 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kimco Realty by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 19,141,842 shares of the real estate investment trust’s stock worth $386,617,000 after acquiring an additional 223,936 shares during the last quarter. Legal & General Group Plc increased its position in Kimco Realty by 7.5% in the 4th quarter. Legal & General Group Plc now owns 6,323,989 shares of the real estate investment trust’s stock valued at $128,187,000 after acquiring an additional 443,046 shares in the last quarter. Strs Ohio raised its stake in shares of Kimco Realty by 566.3% in the first quarter. Strs Ohio now owns 722,282 shares of the real estate investment trust’s stock worth $16,230,000 after acquiring an additional 613,876 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Kimco Realty by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,577 shares of the real estate investment trust’s stock worth $10,937,000 after purchasing an additional 48,672 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.1%

Shares of NYSE KIM opened at $24.40 on Monday. The company’s 50 day simple moving average is $25.23 and its 200 day simple moving average is $23.82. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The firm has a market capitalization of $16.37 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 5.23.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, September 4th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. Kimco Realty’s dividend payout ratio is presently 122.35%.

Wall Street Analysts Forecast Growth

KIM has been the topic of several research analyst reports. Evercore set a $25.00 price target on shares of Kimco Realty in a research note on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $28.00 price objective on shares of Kimco Realty in a research report on Tuesday, August 11th. Citigroup upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Jefferies Financial Group upgraded Kimco Realty to a “hold” rating in a research report on Friday, June 26th. Finally, Piper Sandler increased their price objective on Kimco Realty from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

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.