16,115 Shares in Kimco Realty Corporation $KIM Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new stake in Kimco Realty Corporation, purchasing 16,115 shares valued at approximately $342,000 during the 1st quarter of the year.
• Research analysts have recently upgraded Kimco Realty's status, with Barclays and Mizuho increasing their price targets significantly, reflecting a consensus rating of "Moderate Buy" and an average target price of $24.85.
• Kimco Realty has declared a quarterly dividend of $0.25 per share, with a dividend yield of 4.5%, indicating strong shareholder returns despite a payout ratio above 120%.

Caxton Associates LLP bought a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,115 shares of the real estate investment trust's stock, valued at approximately $342,000.

Other large investors have also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new position in Kimco Realty during the 1st quarter worth $766,000. UniSuper Management Pty Ltd boosted its position in Kimco Realty by 2.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 284,216 shares of the real estate investment trust's stock worth $6,037,000 after acquiring an additional 7,136 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in Kimco Realty by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 180,366 shares of the real estate investment trust's stock worth $3,831,000 after acquiring an additional 2,041 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock worth $2,351,000 after acquiring an additional 41,265 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in Kimco Realty during the 1st quarter worth $8,044,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays boosted their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Mizuho increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a research note on Tuesday. They set a "buy" rating and a $27.00 price target for the company. Finally, Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.85.

Kimco Realty Trading Down 0.2%

Kimco Realty stock opened at $22.41 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The firm's 50 day moving average price is $21.74 and its two-hundred day moving average price is $21.16.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.5%. Kimco Realty's payout ratio is currently 120.48%.

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.

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