PensionDanmark Pensionsforsikringsaktieselskab Has $6.95 Million Position in Kimco Realty Corporation $KIM

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 221.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,146 shares of the real estate investment trust’s stock after purchasing an additional 188,771 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Kimco Realty were worth $6,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CX Institutional boosted its position in shares of Kimco Realty by 269.2% during the 2nd quarter. CX Institutional now owns 7,174 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 5,231 shares in the last quarter. Pensionfund PDN increased its position in Kimco Realty by 17.9% in the 2nd quarter. Pensionfund PDN now owns 65,731 shares of the real estate investment trust’s stock valued at $1,666,000 after buying an additional 10,000 shares in the last quarter. Pensionfund Sabic raised its stake in Kimco Realty by 22.8% during the 2nd quarter. Pensionfund Sabic now owns 32,295 shares of the real estate investment trust’s stock worth $819,000 after buying an additional 6,000 shares during the period. Parallel Advisors LLC boosted its holdings in Kimco Realty by 46.0% in the first quarter. Parallel Advisors LLC now owns 8,973 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 2,829 shares in the last quarter. Finally, Compass Capital Management Inc. acquired a new stake in Kimco Realty in the first quarter valued at approximately $262,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Performance

NYSE:KIM 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 business has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $23.68. The company has a market capitalization of $16.39 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.23 and a quick ratio of 3.78.

Kimco Realty Increases Dividend

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

Analysts Set New Price Targets

KIM has been the topic of a number of research reports. Morgan Stanley upped their target price on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Monday, June 22nd. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Evercore set a $25.00 price objective on shares of Kimco Realty in a report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on Kimco Realty from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.12.

Kimco Realty 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.