Caxton Associates LLP Purchases Shares of 16,115 Kimco Realty Corporation $KIM

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 purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,115 shares of the real estate investment trust's stock, valued at approximately $342,000.

Other large investors have also bought and sold shares of the company. AlphaQuest LLC acquired a new position in Kimco Realty during the 1st quarter worth $29,000. Keystone Global Partners LLC bought a new position in Kimco Realty during the 1st quarter worth about $30,000. Golden State Wealth Management LLC increased its holdings in Kimco Realty by 177.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 911 shares in the last quarter. WASHINGTON TRUST Co bought a new position in shares of Kimco Realty in the 1st quarter valued at about $34,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Kimco Realty in the 1st quarter valued at about $38,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 1.0%

Shares of Kimco Realty stock traded up $0.23 during trading on Thursday, hitting $22.18. The company's stock had a trading volume of 2,646,094 shares, compared to its average volume of 3,428,353. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. The stock has a 50-day moving average price of $21.82 and a two-hundred day moving average price of $21.16.

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

Kimco Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KIM shares. Piper Sandler cut their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Evercore ISI boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research note on Monday, September 8th. Barclays boosted their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Mizuho boosted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.85.

Kimco Realty 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.