Strategic Investment Advisors MI Invests $639,000 in Kimco Realty Corporation $KIM

Strategic Investment Advisors MI bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 28,421 shares of the real estate investment trust’s stock, valued at approximately $639,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amundi raised its stake in Kimco Realty by 21.3% in the first quarter. Amundi now owns 4,366,322 shares of the real estate investment trust’s stock worth $98,111,000 after buying an additional 766,026 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Kimco Realty by 13.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,059 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 610 shares in the last quarter. Resolution Capital Ltd grew its holdings in shares of Kimco Realty by 23.2% during the 1st quarter. Resolution Capital Ltd now owns 2,694,298 shares of the real estate investment trust’s stock worth $60,541,000 after acquiring an additional 508,019 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Kimco Realty by 28.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 548,859 shares of the real estate investment trust’s stock worth $12,333,000 after acquiring an additional 121,294 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Kimco Realty by 40.5% in the 1st quarter. Quantinno Capital Management LP now owns 302,556 shares of the real estate investment trust’s stock worth $6,798,000 after acquiring an additional 87,177 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

KIM has been the subject of a number of research analyst reports. UBS Group raised their target price on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial increased their price objective on Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Scotiabank raised their price objective on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Wells Fargo & Company boosted their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty Stock Down 2.0%

KIM stock opened at $25.49 on Friday. Kimco Realty Corporation has a twelve month low of $19.76 and a twelve month high of $26.65. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.78. The firm has a market cap of $17.19 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. The business has a 50 day moving average of $25.11 and a 200 day moving average of $23.53.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a return on equity of 5.82% and a net margin of 28.54%.The firm had revenue of $558.02 million for the quarter, compared to analysts’ expectations of $542.73 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts forecast that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

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.