Kettle Hill Capital Management LLC Makes New Investment in Kimco Realty Corporation $KIM

Kettle Hill Capital Management LLC purchased a new stake in Kimco Realty Corporation (NYSE:KIM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 682,890 shares of the real estate investment trust’s stock, valued at approximately $14,921,000. Kimco Realty accounts for 3.4% of Kettle Hill Capital Management LLC’s holdings, making the stock its 11th biggest position. Kettle Hill Capital Management LLC owned approximately 0.10% of Kimco Realty at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after purchasing an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kimco Realty by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after purchasing an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Kimco Realty in the 1st quarter valued at $61,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Kimco Realty during the 2nd quarter valued at $332,000. Finally, National Pension Service grew its stake in shares of Kimco Realty by 30.9% during the 2nd quarter. National Pension Service now owns 34,961 shares of the real estate investment trust’s stock valued at $735,000 after buying an additional 8,263 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $22.90 on Monday. The company’s fifty day simple moving average is $21.93 and its 200-day simple moving average is $21.40. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.91. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.78. The company has a market cap of $15.44 billion, a PE ratio of 28.28, a P/E/G ratio of 1.28 and a beta of 1.04.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.04 annualized dividend and a yield of 4.5%. Kimco Realty’s dividend payout ratio (DPR) is 128.40%.

Analysts Set New Price Targets

KIM has been the topic of several research reports. Citigroup cut their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Morgan Stanley set a $23.50 price target on Kimco Realty in a research report on Monday, January 5th. Truist Financial dropped their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings upgraded Kimco Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 5th. Finally, UBS Group reduced their price objective on Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.23.

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.