Contravisory Investment Management Inc. purchased a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,564 shares of the real estate investment trust's stock, valued at approximately $500,000.
A number of other hedge funds also recently made changes to their positions in KIM. Squarepoint Ops LLC raised its position in shares of Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after buying an additional 111,496 shares during the period. Woodline Partners LP acquired a new position in shares of Kimco Realty in the 4th quarter valued at about $9,057,000. Asset Management One Co. Ltd. lifted its stake in shares of Kimco Realty by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares in the last quarter. B&I Capital AG grew its holdings in shares of Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after purchasing an additional 62,100 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Kimco Realty during the 4th quarter worth about $287,000. Institutional investors and hedge funds own 89.25% of the company's stock.
Wall Street Analyst Weigh In
KIM has been the topic of a number of recent research reports. Mizuho reduced 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 report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Wall Street Zen cut shares of Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Piper Sandler reduced their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $24.68.
View Our Latest Research Report on Kimco Realty
Kimco Realty Stock Up 0.8%
KIM stock traded up $0.18 during midday trading on Friday, hitting $21.00. 5,261,209 shares of the company's stock were exchanged, compared to its average volume of 4,484,511. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 2.78 and a beta of 1.27. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average price of $20.59 and a 200-day moving average price of $22.00. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's revenue was up 965.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.
Kimco Realty Profile
(
Free Report)
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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