abrdn plc Buys 174,631 Shares of Kimco Realty Corp (NYSE:KIM)

abrdn plc boosted its stake in Kimco Realty Corp (NYSE:KIM) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,490,897 shares of the real estate investment trust’s stock after acquiring an additional 174,631 shares during the period. abrdn plc owned 0.22% of Kimco Realty worth $34,850,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 482 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 565 shares during the last quarter. CWM LLC boosted its holdings in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 595 shares during the last quarter. Truist Financial Corp boosted its holdings in Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after acquiring an additional 746 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Kimco Realty by 10.2% during the 3rd quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 783 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KIM. Evercore ISI cut their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. cut Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Friday, December 20th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird increased their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.97.

Kimco Realty Trading Up 1.2 %

NYSE KIM opened at $22.41 on Thursday. The firm has a market capitalization of $15.10 billion, a P/E ratio of 40.74, a PEG ratio of 2.91 and a beta of 1.50. The business has a fifty day simple moving average of $23.41 and a 200 day simple moving average of $23.34. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty Profile

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.