Caldwell Trust Co Acquires 25,276 Shares of Kimco Realty Corporation $KIM

Caldwell Trust Co lifted its holdings in Kimco Realty Corporation (NYSE:KIM) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,687 shares of the real estate investment trust’s stock after purchasing an additional 25,276 shares during the period. Caldwell Trust Co’s holdings in Kimco Realty were worth $1,473,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Values First Advisors Inc. increased its holdings in shares of Kimco Realty by 1.7% during the 3rd quarter. Values First Advisors Inc. now owns 27,590 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 450 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Kimco Realty by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 503 shares during the period. Parallel Advisors LLC increased its holdings in shares of Kimco Realty by 11.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 520 shares during the period. EPG Wealth Management LLC increased its holdings in shares of Kimco Realty by 1.8% during the 4th quarter. EPG Wealth Management LLC now owns 30,771 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 530 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Kimco Realty by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 589 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank boosted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. Weiss Ratings downgraded shares of Kimco Realty from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Piper Sandler boosted their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Mizuho set a $21.00 price objective on shares of Kimco Realty in a report on Friday, January 9th. Finally, Barclays restated an “overweight” rating and set a $25.00 price objective on shares of Kimco Realty in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.73.

Kimco Realty Price Performance

Shares of Kimco Realty stock opened at $23.82 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31. The firm’s 50-day simple moving average is $23.13 and its 200-day simple moving average is $21.65. Kimco Realty Corporation has a twelve month low of $19.59 and a twelve month high of $24.31. The firm has a market cap of $16.06 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.03.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, March 6th. Kimco Realty’s payout ratio is 128.40%.

About Kimco Realty

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.