MQS Management LLC Acquires Shares of 60,724 Kimco Realty Corporation $KIM

MQS Management LLC bought a new stake in Kimco Realty Corporation (NYSE:KIM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 60,724 shares of the real estate investment trust’s stock, valued at approximately $1,327,000. Kimco Realty accounts for about 0.8% of MQS Management LLC’s holdings, making the stock its largest position.

Several other large investors have also made changes to their positions in KIM. Values First Advisors Inc. increased its position in Kimco Realty by 1.7% in the third quarter. Values First Advisors Inc. now owns 27,590 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 450 shares during the period. Jump Financial LLC lifted its holdings in Kimco Realty by 5.1% in the second quarter. Jump Financial LLC now owns 12,932 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 633 shares during the period. Farther Finance Advisors LLC boosted its stake in Kimco Realty by 6.5% in the third quarter. Farther Finance Advisors LLC now owns 10,556 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 640 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in Kimco Realty by 6.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 10,960 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 674 shares during the period. Finally, EP Wealth Advisors LLC raised its position in shares of Kimco Realty by 6.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 10,609 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 674 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Trading Up 2.0%

NYSE KIM opened at $22.20 on Wednesday. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $22.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a market cap of $15.03 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.19 and a beta of 1.07. The stock’s 50-day moving average is $20.60 and its 200-day moving average is $21.14.

Analysts Set New Price Targets

KIM has been the subject of a number of analyst reports. Morgan Stanley set a $23.50 price objective on Kimco Realty in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research report on Thursday, January 22nd. Argus reaffirmed a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research note on Monday, December 1st. Citigroup reduced their price objective on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $23.89.

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.