Kimco Realty Corporation $KIM Shares Purchased by Centersquare Investment Management LLC

Centersquare Investment Management LLC boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,935,173 shares of the real estate investment trust’s stock after buying an additional 188,261 shares during the period. Kimco Realty accounts for 2.6% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 13th largest position. Centersquare Investment Management LLC owned 1.76% of Kimco Realty worth $260,784,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

KIM has been the subject of several recent analyst reports. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays reissued an “overweight” rating and set a $25.00 price objective on shares of Kimco Realty in a research report on Tuesday, January 13th. Mizuho set a $21.00 target price on shares of Kimco Realty in a research report on Friday, January 9th. Truist Financial dropped their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, Argus reissued a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.18.

Kimco Realty Price Performance

Kimco Realty stock opened at $23.30 on Thursday. The company has a quick ratio of 3.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.66. The firm has a market cap of $15.71 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.07. The company’s 50 day moving average is $21.19 and its two-hundred day moving average is $21.26.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, March 6th. This represents a $1.04 annualized dividend and a yield of 4.5%. Kimco Realty’s dividend payout ratio 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.