60,724 Shares in Kimco Realty Corporation $KIM Bought by MQS Management LLC

MQS Management LLC acquired a new stake in Kimco Realty Corporation (NYSE:KIM) during the 3rd quarter, Holdings Channel reports. The fund acquired 60,724 shares of the real estate investment trust’s stock, valued at approximately $1,327,000. Kimco Realty comprises approximately 0.8% of MQS Management LLC’s portfolio, making the stock its biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at about $27,000. Trust Co. of Toledo NA OH acquired a new stake in Kimco Realty in the 2nd quarter valued at approximately $27,000. City Holding Co. bought a new stake in Kimco Realty in the 3rd quarter valued at approximately $30,000. CYBER HORNET ETFs LLC acquired a new position in Kimco Realty during the 2nd quarter worth approximately $37,000. Finally, Lavaca Capital LLC grew its stake in shares of Kimco Realty by 869.5% during the 2nd quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,739 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE KIM opened at $22.20 on Wednesday. The firm has a market capitalization of $15.03 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.07. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $20.60 and its two-hundred day moving average price is $21.14. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $22.97.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KIM. Truist Financial lowered their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Argus reiterated a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research note on Monday, December 1st. Scotiabank reduced their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a report on Thursday, January 22nd. Finally, Citigroup dropped their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.89.

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.