Kimco Realty Corporation $KIM Shares Purchased by Vert Asset Management LLC

Vert Asset Management LLC boosted its stake in Kimco Realty Corporation (NYSE:KIM) by 9.6% during the 4th quarter, HoldingsChannel reports. The fund owned 336,256 shares of the real estate investment trust’s stock after buying an additional 29,552 shares during the period. Kimco Realty comprises 2.3% of Vert Asset Management LLC’s portfolio, making the stock its 14th largest position. Vert Asset Management LLC’s holdings in Kimco Realty were worth $6,816,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KIM. State Street Corp increased its stake in Kimco Realty by 2.2% during the third quarter. State Street Corp now owns 47,382,410 shares of the real estate investment trust’s stock valued at $1,035,306,000 after purchasing an additional 1,034,573 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Kimco Realty by 0.5% during the third quarter. Daiwa Securities Group Inc. now owns 12,195,113 shares of the real estate investment trust’s stock valued at $266,463,000 after purchasing an additional 63,054 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Kimco Realty by 1.6% during the third quarter. Centersquare Investment Management LLC now owns 11,935,173 shares of the real estate investment trust’s stock valued at $260,784,000 after purchasing an additional 188,261 shares during the last quarter. Federated Hermes Inc. increased its stake in Kimco Realty by 27.2% during the third quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust’s stock valued at $232,700,000 after purchasing an additional 2,280,090 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Kimco Realty by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 10,075,563 shares of the real estate investment trust’s stock valued at $220,147,000 after purchasing an additional 51,079 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE:KIM opened at $24.18 on Monday. Kimco Realty Corporation has a twelve month low of $19.59 and a twelve month high of $24.25. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $22.94 and a 200-day moving average of $21.53. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03.

Kimco Realty Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, March 6th. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. Kimco Realty’s dividend payout ratio (DPR) is 128.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler raised their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Wall Street Zen lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird set a $25.00 target price on shares of Kimco Realty in a research report on Friday, February 13th. Truist Financial increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Finally, Barclays reiterated an “overweight” rating and issued a $25.00 target price on shares of Kimco Realty in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $24.73.

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.