Kimco Realty (NYSE:KIM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kimco Realty (NYSE:KIM) from a sell rating to a hold rating in a report released on Saturday morning.

KIM has been the topic of a number of other reports. Argus reiterated a “buy” rating and set a $27.00 price objective on shares of Kimco Realty in a research note on Monday, December 1st. Citigroup reduced their price target on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research note on Thursday, January 22nd. Robert W. Baird set a $25.00 target price on Kimco Realty in a research note on Friday. Finally, Morgan Stanley set a $23.50 target price on Kimco Realty in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $23.97.

Kimco Realty Stock Performance

KIM opened at $22.70 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.31. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $22.97. The firm has a market cap of $15.37 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.07. The business’s fifty day moving average is $20.78 and its 200-day moving average is $21.16.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. Kimco Realty’s dividend payout ratio is presently 128.40%.

Institutional Trading of Kimco Realty

A number of hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Kimco Realty by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after acquiring an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Kimco Realty in the 1st quarter valued at approximately $61,000. Truist Financial Corp increased its position in Kimco Realty by 31.1% in the 2nd quarter. Truist Financial Corp now owns 15,529 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 3,686 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Kimco Realty by 46.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 70,059 shares of the real estate investment trust’s stock valued at $1,473,000 after acquiring an additional 22,081 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

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.