Allspring Global Investments Holdings LLC Acquires 19,778 Shares of Kimco Realty Corp (NYSE:KIM)

Allspring Global Investments Holdings LLC grew its holdings in shares of Kimco Realty Corp (NYSE:KIMGet Rating) by 40.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,158 shares of the real estate investment trust’s stock after buying an additional 19,778 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kimco Realty were worth $1,254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. Vanguard Group Inc. raised its holdings in shares of Kimco Realty by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock valued at $2,483,278,000 after purchasing an additional 3,081,151 shares during the period. State Street Corp raised its holdings in Kimco Realty by 1.6% in the 2nd quarter. State Street Corp now owns 44,920,176 shares of the real estate investment trust’s stock valued at $888,072,000 after acquiring an additional 699,534 shares during the period. FMR LLC raised its holdings in Kimco Realty by 5.4% in the 2nd quarter. FMR LLC now owns 11,174,826 shares of the real estate investment trust’s stock valued at $220,926,000 after acquiring an additional 569,101 shares during the period. Northern Trust Corp raised its holdings in Kimco Realty by 5.5% in the 1st quarter. Northern Trust Corp now owns 9,215,068 shares of the real estate investment trust’s stock valued at $227,612,000 after acquiring an additional 482,054 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Kimco Realty by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,433,943 shares of the real estate investment trust’s stock valued at $183,619,000 after acquiring an additional 182,617 shares during the period. 92.33% of the stock is owned by institutional investors.

Kimco Realty Stock Performance

KIM stock opened at $21.44 on Friday. The company has a fifty day moving average price of $21.68 and a 200-day moving average price of $21.11. The company has a market capitalization of $13.26 billion, a P/E ratio of 57.95, a PEG ratio of 1.71 and a beta of 1.40. Kimco Realty Corp has a 52-week low of $17.71 and a 52-week high of $26.57.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Thursday, December 8th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.22. Kimco Realty’s dividend payout ratio (DPR) is currently 248.65%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KIM. Piper Sandler decreased their target price on shares of Kimco Realty from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kimco Realty from $23.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, October 7th. Barclays increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. TheStreet upgraded shares of Kimco Realty from a “c+” rating to a “b-” rating in a research report on Tuesday, November 29th. Finally, Citigroup increased their price target on shares of Kimco Realty from $23.00 to $26.00 in a research report on Wednesday, December 14th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and an average price target of $23.25.

Kimco Realty Profile

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Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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