Jump Financial LLC Takes $261,000 Position in Kimco Realty Corporation $KIM

Key Points

• Jump Financial LLC has invested approximately $261,000 in Kimco Realty Corporation, purchasing 12,299 shares during the first quarter.
• Analysts have recently raised price targets for Kimco Realty, with Barclays increasing its target from $25.00 to $26.00 and Mizuho from $22.00 to $23.00.
• Kimco Realty declared a quarterly dividend of $0.25 per share, which equates to an annualized dividend of $1.00 with a yield of 4.5%.

Jump Financial LLC acquired a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,299 shares of the real estate investment trust's stock, valued at approximately $261,000.

Several other large investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Kimco Realty by 14.7% in the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock valued at $423,441,000 after purchasing an additional 2,552,276 shares during the period. Resolution Capital Ltd lifted its stake in shares of Kimco Realty by 13.7% in the 4th quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock valued at $388,442,000 after purchasing an additional 1,992,550 shares during the period. Northern Trust Corp lifted its stake in shares of Kimco Realty by 2.8% in the 1st quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust's stock valued at $224,949,000 after purchasing an additional 285,824 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Kimco Realty by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust's stock valued at $206,427,000 after purchasing an additional 137,249 shares during the period. Finally, Centersquare Investment Management LLC lifted its stake in shares of Kimco Realty by 8.9% in the 1st quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust's stock valued at $191,170,000 after purchasing an additional 733,514 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Piper Sandler reduced 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. Mizuho upped their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.75.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.04 during trading hours on Friday, reaching $22.76. 3,581,800 shares of the company's stock were exchanged, compared to its average volume of 3,267,493. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The company has a market capitalization of $15.41 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The business has a fifty day moving average of $21.64 and a two-hundred day moving average of $21.13. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $524.75 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company's revenue for the quarter 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. As a group, research analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.4%. Kimco Realty's dividend payout ratio (DPR) is presently 120.48%.

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.