Kimco Realty Corporation $KIM Shares Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC trimmed its Kimco stake by 7.8%, selling 94,346 shares and ending the quarter with 1,112,562 shares (about 0.16% ownership) valued at $22.55 million.
• Several large institutions — including UBS AM, SG Americas, Federated Hermes, Barclays and Marshall Wace — materially increased positions, leaving institutional ownership at 89.25%.
• Kimco pays a quarterly dividend of $0.26 (annualized $1.04) for a 4.5% yield

Douglas Lane & Associates LLC trimmed its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,112,562 shares of the real estate investment trust's stock after selling 94,346 shares during the period. Douglas Lane & Associates LLC owned about 0.16% of Kimco Realty worth $22,552,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KIM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kimco Realty by 541.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust's stock worth $137,756,000 after purchasing an additional 5,322,009 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust's stock worth $49,173,000 after purchasing an additional 2,403,585 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Kimco Realty by 27.2% during the 3rd quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust's stock worth $232,700,000 after purchasing an additional 2,280,090 shares during the last quarter. Barclays PLC boosted its holdings in shares of Kimco Realty by 113.0% during the 3rd quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust's stock worth $69,612,000 after purchasing an additional 1,690,137 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Kimco Realty by 762.6% during the 3rd quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust's stock worth $41,518,000 after purchasing an additional 1,679,852 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 1.7%

Shares of NYSE KIM opened at $23.05 on Friday. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.27 and a beta of 1.03. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78. Kimco Realty Corporation has a 52-week low of $19.19 and a 52-week high of $23.91. The business's 50 day moving average is $22.67 and its two-hundred day moving average is $21.45.

Kimco Realty Dividend Announcement

The business 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 of this dividend was Friday, March 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. Kimco Realty's dividend payout ratio is currently 128.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KIM shares. Truist Financial boosted their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a "hold" rating in a report on Monday, March 23rd. Evercore set a $24.00 target price on Kimco Realty in a report on Friday, February 13th. Robert W. Baird set a $25.00 target price on Kimco Realty in a report on Friday, February 13th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Finally, UBS Group lowered their target price on Kimco Realty from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.

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