D. E. Shaw & Co. Inc. Buys 78,337 Shares of Kimco Realty Corp (NYSE:KIM)

D. E. Shaw & Co. Inc. raised its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 418,627 shares of the real estate investment trust's stock after acquiring an additional 78,337 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.06% of Kimco Realty worth $9,808,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Keybank National Association OH grew its holdings in Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 496 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Kimco Realty by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 539 shares during the last quarter. Pitcairn Co. raised its holdings in Kimco Realty by 4.0% during the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 567 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Kimco Realty by 4.4% during the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock worth $341,000 after acquiring an additional 611 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on KIM shares. Piper Sandler cut their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citigroup decreased their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Scotiabank reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Up 0.1%

Shares of NYSE KIM traded up $0.03 during mid-day trading on Monday, hitting $21.72. The stock had a trading volume of 1,043,630 shares, compared to its average volume of 4,451,115. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a 1 year low of $17.93 and a 1 year high of $25.83. The business has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $22.32. The firm has a market cap of $14.69 billion, a P/E ratio of 38.79, 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 for the quarter, beating the consensus estimate of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The firm's revenue for the quarter was up 965.3% compared to the same quarter last year. On average, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.

About Kimco Realty

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.