Pacer Advisors Inc. Has $1.65 Million Stock Holdings in Kimco Realty Corporation $KIM

Pacer Advisors Inc. trimmed its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 23.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 73,629 shares of the real estate investment trust’s stock after selling 21,943 shares during the period. Pacer Advisors Inc.’s holdings in Kimco Realty were worth $1,654,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $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 lifted its position in shares of Kimco Realty by 6.4% during 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 worth $13,593,000 after buying an additional 38,554 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Kimco Realty in the 1st quarter valued at $61,000. Quantbot Technologies LP acquired a new stake in Kimco Realty in the 2nd quarter valued at $331,000. Finally, EverSource Wealth Advisors LLC grew its position in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of a number of analyst reports. Raymond James Financial reissued a “strong-buy” rating and set a $29.00 price objective on shares of Kimco Realty in a report on Monday, June 29th. Stifel Nicolaus set a $28.00 price target on Kimco Realty in a research report on Thursday, June 11th. Scotiabank raised their price target on Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Wells Fargo & Company boosted their price objective on Kimco Realty from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $26.12.

Kimco Realty Price Performance

Shares of KIM stock opened at $24.44 on Friday. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.65. The firm’s 50 day moving average is $25.19 and its 200-day moving average is $23.68. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.68 and a beta of 0.95. The company has a current ratio of 5.23, a quick ratio of 3.78 and a debt-to-equity ratio of 0.84.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a $0.28 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, September 4th. This represents a $1.12 annualized dividend and a yield of 4.6%. Kimco Realty’s dividend payout ratio is presently 122.35%.

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.