Acadian Asset Management LLC Reduces Stake in Kimco Realty Corp (NYSE:KIM)

Acadian Asset Management LLC lowered its position in Kimco Realty Corp (NYSE:KIM) by 95.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,727 shares of the real estate investment trust’s stock after selling 172,331 shares during the period. Acadian Asset Management LLC’s holdings in Kimco Realty were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Creative Planning boosted its position in Kimco Realty by 2.5% in the 2nd quarter. Creative Planning now owns 31,227 shares of the real estate investment trust’s stock worth $616,000 after purchasing an additional 767 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kimco Realty by 5.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 438,235 shares of the real estate investment trust’s stock worth $8,559,000 after purchasing an additional 21,785 shares in the last quarter. Shell Asset Management Co. boosted its position in Kimco Realty by 12.8% in the 2nd quarter. Shell Asset Management Co. now owns 16,916 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 1,922 shares in the last quarter. First Republic Investment Management Inc. boosted its position in Kimco Realty by 1.7% in the 2nd quarter. First Republic Investment Management Inc. now owns 67,086 shares of the real estate investment trust’s stock worth $1,323,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Brookfield Corp ON boosted its position in Kimco Realty by 36.3% in the 1st quarter. Brookfield Corp ON now owns 3,722,644 shares of the real estate investment trust’s stock worth $72,703,000 after purchasing an additional 991,436 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Kimco Realty Stock Up 0.1 %

NYSE KIM opened at $18.80 on Monday. The business has a fifty day moving average price of $17.72 and a 200 day moving average price of $18.75. Kimco Realty Corp has a one year low of $16.34 and a one year high of $23.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market cap of $11.65 billion, a P/E ratio of 26.48, a P/E/G ratio of 2.45 and a beta of 1.48.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, December 7th will be paid a $0.24 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend is Wednesday, December 6th. Kimco Realty’s dividend payout ratio is currently 129.58%.

Analysts Set New Price Targets

KIM has been the topic of several recent research reports. Truist Financial lowered their price objective on Kimco Realty from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, October 17th. StockNews.com began coverage on Kimco Realty in a research note on Thursday, October 5th. They set a “hold” rating for the company. Stifel Nicolaus reduced their target price on Kimco Realty from $23.25 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 3rd. The Goldman Sachs Group downgraded Kimco Realty from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Wednesday, August 16th. Finally, TheStreet downgraded Kimco Realty from a “b-” rating to a “c+” rating in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Hold” and a consensus target price of $21.90.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.