AQR Capital Management LLC Has $5.23 Million Stock Position in Kimco Realty Corporation $KIM

Key Points

• AQR Capital Management LLC reduced its holdings in Kimco Realty Corporation by 30.2% during the first quarter, now owning 248,892 shares worth approximately $5.23 million after selling 107,658 shares.
• Kimco Realty recently announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 4.5%.
• Equity analysts have varied opinions on Kimco Realty, with target price adjustments ranging from $22.00 to $27.00, indicating a consensus rating of "Moderate Buy" with a target of $24.85.

AQR Capital Management LLC lowered its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 30.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,892 shares of the real estate investment trust's stock after selling 107,658 shares during the quarter. AQR Capital Management LLC's holdings in Kimco Realty were worth $5,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KIM. Captrust Financial Advisors grew its stake in Kimco Realty by 37.8% in the fourth quarter. Captrust Financial Advisors now owns 20,201 shares of the real estate investment trust's stock valued at $473,000 after purchasing an additional 5,544 shares in the last quarter. Focus Partners Wealth purchased a new position in Kimco Realty in the fourth quarter valued at about $2,348,000. Graham Capital Management L.P. bought a new stake in shares of Kimco Realty during the 4th quarter worth about $355,000. Janus Henderson Group PLC boosted its stake in shares of Kimco Realty by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 72,643 shares of the real estate investment trust's stock worth $1,702,000 after acquiring an additional 1,545 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kimco Realty by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,982 shares of the real estate investment trust's stock worth $1,640,000 after acquiring an additional 2,590 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of NYSE KIM traded up $0.23 during trading hours on Thursday, hitting $22.18. 2,646,094 shares of the company's stock were exchanged, compared to its average volume of 3,428,353. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.59 and a beta of 1.32. The company's 50-day moving average price is $21.82 and its 200-day moving average price is $21.16.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business had revenue of $525.18 million during the quarter, compared to analysts' expectations of $524.75 million. During the same quarter in the previous year, the firm earned $0.41 EPS. 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, sell-side analysts expect that Kimco Realty Corporation will post 1.71 earnings per share 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. Shareholders of record on Friday, September 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.5%. Kimco Realty's dividend payout ratio is 120.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Piper Sandler decreased their price target on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Evercore ISI upped their price target on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research note on Monday, September 8th. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a research note on Tuesday, September 9th. They set a "buy" rating and a $27.00 price target for the company. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Barclays upped their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.85.

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.