Avanza Fonder AB Purchases 31,775 Shares of Kimco Realty Corporation $KIM

Avanza Fonder AB raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 60.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,323 shares of the real estate investment trust’s stock after buying an additional 31,775 shares during the period. Avanza Fonder AB’s holdings in Kimco Realty were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC increased its holdings in Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust’s stock valued at $49,173,000 after purchasing an additional 2,403,585 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Kimco Realty in the fourth quarter worth $271,000. Montecito Bank & Trust boosted its stake in Kimco Realty by 6.7% in the fourth quarter. Montecito Bank & Trust now owns 16,860 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 1,060 shares in the last quarter. Hilltop National Bank raised its holdings in shares of Kimco Realty by 3.5% in the fourth quarter. Hilltop National Bank now owns 70,734 shares of the real estate investment trust’s stock valued at $1,434,000 after buying an additional 2,367 shares during the last quarter. Finally, Doliver Advisors LP raised its holdings in shares of Kimco Realty by 5.3% in the fourth quarter. Doliver Advisors LP now owns 15,383 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 770 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KIM. Wells Fargo & Company upped their target price on shares of Kimco Realty from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Mizuho set a $21.00 price objective on Kimco Realty in a research report on Friday, January 9th. Morgan Stanley set a $23.50 target price on Kimco Realty in a research note on Monday, January 5th. Weiss Ratings upgraded Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, Piper Sandler lifted their price objective on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.70.

Kimco Realty Stock Down 0.7%

Kimco Realty stock opened at $22.54 on Wednesday. The company has a 50 day moving average of $22.26 and a 200-day moving average of $21.42. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $23.91. The stock has a market capitalization of $15.19 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.04 annualized dividend and a dividend yield of 4.6%. Kimco Realty’s dividend payout ratio (DPR) is currently 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.