111 Capital Takes $287,000 Position in Kimco Realty Corp (NYSE:KIM)

111 Capital bought a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,266 shares of the real estate investment trust's stock, valued at approximately $287,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Squarepoint Ops LLC raised its position in Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Kimco Realty in the fourth quarter valued at about $9,057,000. Asset Management One Co. Ltd. lifted its stake in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after acquiring an additional 12,705 shares during the period. B&I Capital AG increased its holdings in Kimco Realty by 13.9% during the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after buying an additional 62,100 shares during the period. Finally, Generali Asset Management SPA SGR bought a new stake in Kimco Realty during the fourth quarter valued at about $610,000. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on KIM shares. Raymond James reduced their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Wells Fargo & Company decreased 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. Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Mizuho reduced their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Piper Sandler reduced their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.68.

Kimco Realty Price Performance

Shares of KIM traded down $0.06 during mid-day trading on Wednesday, hitting $20.99. 3,677,846 shares of the company were exchanged, compared to its average volume of 4,471,543. 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 stock has a market cap of $14.20 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The company has a 50 day moving average of $20.60 and a 200-day moving average of $22.03.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating 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 company had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same quarter last year, the firm posted $0.39 EPS. The firm's revenue for the quarter was up 965.3% on a year-over-year basis. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. Kimco Realty's payout ratio 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.