311,317 Shares in Kimco Realty Corporation $KIM Purchased by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors purchased 311,317 shares of Kimco Realty in the second quarter, valued at approximately $7.9 million. Institutional investors collectively own 89.25% of the REIT’s shares.
• Kimco increased its quarterly dividend from $0.26 to $0.28 per share, representing an annualized dividend of $1.12 and a 4.6% yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $26.50 versus the stock’s reported price of $24.40.

Bryn Mawr Trust Advisors LLC purchased a new position in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 311,317 shares of the real estate investment trust's stock, valued at approximately $7,892,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KIM. Zions Bancorporation National Association UT raised its holdings in shares of Kimco Realty by 270.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Root Financial Partners LLC boosted its holdings in Kimco Realty by 60.7% during the first quarter. Root Financial Partners LLC now owns 1,446 shares of the real estate investment trust's stock worth $32,000 after buying an additional 546 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the second quarter worth approximately $37,000. MUFG Securities EMEA plc acquired a new position in Kimco Realty in the second quarter worth approximately $42,000. Finally, Clearstead Advisors LLC grew its position in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust's stock worth $49,000 after buying an additional 1,166 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 0.0%

Shares of NYSE:KIM opened at $24.40 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The company has a market cap of $16.37 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. Kimco Realty Corporation has a 52 week low of $19.76 and a 52 week high of $26.65. The firm has a 50 day simple moving average of $25.23 and a 200 day simple moving average of $23.80.

Kimco Realty Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, September 4th. This is an increase from Kimco Realty's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.6%. Kimco Realty's dividend payout ratio is currently 122.35%.

Analyst Ratings Changes

KIM has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $28.00 price objective on shares of Kimco Realty in a research report on Tuesday. UBS Group lifted their target price on Kimco Realty from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Truist Financial boosted their target price on Kimco Realty from $23.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Stifel Nicolaus set a $28.00 target price on Kimco Realty in a report on Thursday, June 11th. Finally, Jefferies Financial Group upgraded Kimco Realty to a "hold" rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $26.50.

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.

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