Robeco Institutional Asset Management B.V. Buys 220,758 Shares of Kimco Realty Corporation $KIM

Robeco Institutional Asset Management B.V. lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 13.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,918,047 shares of the real estate investment trust’s stock after acquiring an additional 220,758 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kimco Realty were worth $38,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Telos Capital Management Inc. boosted its position in shares of Kimco Realty by 3.9% during the 4th quarter. Telos Capital Management Inc. now owns 32,208 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 1,198 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Kimco Realty by 15.3% during the 4th quarter. Apollon Wealth Management LLC now owns 14,283 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 1,899 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Kimco Realty by 17.2% during the 4th quarter. V Square Quantitative Management LLC now owns 12,734 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 1,868 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Kimco Realty by 25.9% during the 4th quarter. Yousif Capital Management LLC now owns 125,867 shares of the real estate investment trust’s stock worth $2,639,000 after purchasing an additional 25,864 shares in the last quarter. Finally, Buffalo Business & Estate Services Ltd. bought a new position in shares of Kimco Realty during the 4th quarter worth about $217,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.1%

KIM opened at $23.19 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31. Kimco Realty Corporation has a fifty-two week low of $19.59 and a fifty-two week high of $23.91. The firm has a market capitalization of $15.64 billion, a PE ratio of 28.62, a P/E/G ratio of 1.30 and a beta of 1.03. The company’s 50-day moving average is $22.75 and its 200 day moving average is $21.47.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, March 6th. Kimco Realty’s dividend payout ratio is currently 128.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 5th. Wells Fargo & Company increased their price objective 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. 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. Piper Sandler increased their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Finally, Mizuho set a $21.00 target price on shares of Kimco Realty in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.70.

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.