Fri Sep 20 13:44:13 UTC 2024: ## Edgestream Partners Invests in Kimco Realty, Institutional Interest Remains Strong
**New Hyde Park, NY (MarketBeat News) -** Edgestream Partners L.P. has taken a new position in shares of Kimco Realty Corp (NYSE:KIM), acquiring 93,783 shares valued at approximately $1,825,000 during the second quarter, according to Holdings Channel. This investment highlights the continued interest in the real estate investment trust (REIT) from institutional investors, who now own 89.25% of the company’s stock.
Other notable changes in institutional holdings include Blue Trust Inc. increasing its stake in Kimco Realty by 613.5% during the second quarter and EverSource Wealth Advisors LLC raising its stake by 52.6% in the first quarter.
Kimco Realty’s stock performance has garnered attention from analysts as well. JPMorgan Chase & Co. increased its target price from $22.00 to $24.00 and gave the stock an “overweight” rating, while The Goldman Sachs Group raised its price objective to $22.50 and assigned a “neutral” rating. Other brokerages, like Evercore ISI and Piper Sandler, have also issued positive ratings and price target increases.
Despite missing earnings estimates in the second quarter, analysts remain optimistic about Kimco Realty’s future performance. They expect the company to post 1.62 EPS for the current fiscal year. Kimco Realty also recently announced a quarterly dividend of $0.24 per share, representing a yield of 4.13%.
Kimco Realty, headquartered in New Hyde Park, N.Y., is a leading owner and operator of open-air shopping centers across North America. The company’s portfolio includes 437 U.S. shopping centers spanning 76 million square feet of leasable space, primarily concentrated in major metropolitan markets.
Investors interested in tracking institutional holdings and insider trading activity related to Kimco Realty can visit HoldingsChannel.com for the latest 13F filings and insider trades.
First Piper 