Cubist Systematic Strategies LLC Takes $5.54 Million Position in Kimco Realty Corp (NYSE:KIM)

Cubist Systematic Strategies LLC purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 236,324 shares of the real estate investment trust's stock, valued at approximately $5,537,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Centiva Capital LP grew its holdings in shares of Kimco Realty by 135.5% during the 4th quarter. Centiva Capital LP now owns 86,443 shares of the real estate investment trust's stock valued at $2,025,000 after purchasing an additional 49,730 shares during the last quarter. Cantor Fitzgerald L. P. bought a new stake in shares of Kimco Realty in the 4th quarter valued at about $253,000. Captrust Financial Advisors grew its position in Kimco Realty by 37.8% during the 4th quarter. Captrust Financial Advisors now owns 20,201 shares of the real estate investment trust's stock worth $473,000 after acquiring an additional 5,544 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Kimco Realty by 62.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,252,227 shares of the real estate investment trust's stock valued at $29,340,000 after purchasing an additional 480,959 shares during the last quarter. Finally, American Trust Investment Advisors LLC boosted its stake in shares of Kimco Realty by 3.3% during the fourth quarter. American Trust Investment Advisors LLC now owns 224,687 shares of the real estate investment trust's stock valued at $5,264,000 after purchasing an additional 7,213 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Piper Sandler cut their target price on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, Citigroup lowered their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Stock Performance

Shares of KIM stock traded down $0.11 during trading hours on Tuesday, reaching $21.46. The company had a trading volume of 6,195,351 shares, compared to its average volume of 4,449,601. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The business has a fifty day moving average price of $20.55 and a 200-day moving average price of $22.39. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The firm has a market cap of $14.52 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. During the same period last year, the business posted $0.39 EPS. The company's revenue for the quarter was up 965.3% on a year-over-year basis. Sell-side analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

Kimco Realty Company 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.