Pacer Advisors Inc. Sells 21,943 Shares of Kimco Realty Corporation $KIM

Pacer Advisors Inc. trimmed its position in Kimco Realty Corporation (NYSE:KIM) by 23.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,629 shares of the real estate investment trust’s stock after selling 21,943 shares during the quarter. Pacer Advisors Inc.’s holdings in Kimco Realty were worth $1,654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT lifted its position in Kimco Realty by 270.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares during the period. Brown Lisle Cummings Inc. grew its position in shares of Kimco Realty by 127.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 840 shares during the period. Root Financial Partners LLC lifted its holdings in Kimco Realty by 60.7% in the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 546 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Kimco Realty in the second quarter valued at approximately $37,000. Finally, MUFG Securities EMEA plc bought a new position in Kimco Realty in the second quarter valued at approximately $42,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.0%

Shares of NYSE KIM opened at $24.44 on Friday. Kimco Realty Corporation has a 52-week low of $19.76 and a 52-week high of $26.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.78 and a current ratio of 5.23. The stock has a market cap of $16.39 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.68 and a beta of 0.95. The firm has a 50 day moving average price of $25.19 and a 200 day moving average price of $23.68.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a $0.28 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.12 annualized dividend and a dividend yield of 4.6%. Kimco Realty’s dividend payout ratio (DPR) is presently 122.35%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial upped their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings restated a “buy (b)” rating on shares of Kimco Realty in a research report on Friday, July 31st. Scotiabank lifted their price objective on Kimco Realty from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Barclays increased their target price on Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.12.

Kimco Realty 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.