Rhumbline Advisers reduced its stake in Kimco Realty Corporation (NYSE:KIM) by 4.1% in the third quarter, selling 61,008 shares and holding 1,429,078 shares valued at $31.225 million. Despite this, other institutional investors have increased their holdings, and the company reported positive Q4 results, strong occupancy, and planned asset dispositions between $300M and $500M. Kimco Realty also declared a quarterly dividend of $0.26, maintaining a “Moderate Buy” consensus rating from analysts, with a consensus price target of $23.97.
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Kimco Realty Corporation $KIM Shares Sold by Rhumbline Advisers
Rhumbline Advisers reduced its stake in Kimco Realty Corporation (NYSE:KIM) by 4.1% in the third quarter, selling 61,008 shares and holding 1,429,078 shares valued at $31.225 million. Despite this, other institutional investors have increased their holdings, and the company reported positive Q4 results, strong occupancy, and planned asset dispositions between $300M and $500M. Kimco Realty also declared a quarterly dividend of $0.26, maintaining a “Moderate Buy” consensus rating from analysts, with a consensus price target of $23.97.