Robeco Institutional Asset Management B.V. Has $38.88 Million Stake in Kimco Realty Corporation $KIM

Key Points

• Robeco Institutional Asset Management raised its stake in Kimco Realty by 13.0% in Q4, now holding 1,918,047 shares (about $38.88 million), representing roughly 0.28% of the company.
• Kimco recently paid a quarterly dividend of $0.26 (annualized $1.04), implying a 4.5% yield but a high payout ratio of 128.4%.
• Analysts have a consensus rating of "Moderate Buy" with a consensus target price of $24.70, reflecting mixed but generally positive outlooks and target ranges around $21–$26.

Robeco Institutional Asset Management B.V. increased its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,918,047 shares of the real estate investment trust's stock after buying an additional 220,758 shares during the period. Robeco Institutional Asset Management B.V. owned 0.28% of Kimco Realty worth $38,879,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research analysts have commented on KIM shares. Mizuho set a $21.00 price objective on shares of Kimco Realty in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on shares of Kimco Realty from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. UBS Group lowered their price objective on shares of Kimco Realty from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, January 8th. Weiss Ratings upgraded shares of Kimco Realty from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, March 5th. Finally, Truist Financial boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "hold" rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus target price of $24.70.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.19 on Tuesday. 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 twelve month low of $19.59 and a twelve month high of $23.91. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 28.62, a P/E/G ratio of 1.30 and a beta of 1.03. The company's fifty day moving average is $22.75 and its 200 day moving average is $21.47.

Kimco Realty Announces Dividend

The company 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. The ex-dividend date was Friday, March 6th. This represents a $1.04 annualized dividend and a yield of 4.5%. Kimco Realty's payout ratio is presently 128.40%.

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.

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