Universal Beteiligungs und Servicegesellschaft mbH Buys 39,157 Shares of Kimco Realty Corporation $KIM

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM – Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 543,036 shares of the real estate investment trust’s stock after buying an additional 39,157 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Kimco Realty worth $11,007,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KIM. Quent Capital LLC bought a new stake in Kimco Realty during the 3rd quarter worth $27,000. City Holding Co. bought a new position in Kimco Realty in the third quarter valued at about $30,000. Brown Lisle Cummings Inc. boosted its stake in shares of Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Kimco Realty during the second quarter valued at about $37,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Kimco Realty during the second quarter worth about $42,000. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KIM has been the subject of several recent research reports. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday. Scotiabank boosted their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 24th. Morgan Stanley upped their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Barclays reaffirmed an “overweight” rating and set a $25.00 price target on shares of Kimco Realty in a research note on Tuesday, January 13th. Finally, UBS Group cut their price target on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.73.

Check Out Our Latest Research Report on Kimco Realty

Kimco Realty Stock Performance

Shares of KIM opened at $23.70 on Monday. 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 stock has a market capitalization of $15.98 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The firm’s fifty day simple moving average is $23.09 and its two-hundred day simple moving average is $21.61. Kimco Realty Corporation has a 12 month low of $19.59 and a 12 month high of $24.31.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, March 6th. Kimco Realty’s payout ratio is currently 128.40%.

About Kimco Realty

(Free Report)

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.

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