Squarepoint Ops LLC Purchases 111,496 Shares of Kimco Realty Corp (NYSE:KIM)

Squarepoint Ops LLC increased its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 40.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 383,862 shares of the real estate investment trust's stock after buying an additional 111,496 shares during the period. Squarepoint Ops LLC owned 0.06% of Kimco Realty worth $8,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. grew its stake in shares of Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Kimco Realty in the fourth quarter valued at $45,000. Catalyst Capital Advisors LLC grew its stake in shares of Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 1,104 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Kimco Realty in the fourth quarter valued at $76,000. 89.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KIM. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Raymond James reduced their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Mizuho reduced their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, Piper Sandler dropped their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Kimco Realty has an average rating of "Hold" and an average target price of $24.68.

Kimco Realty Price Performance

Kimco Realty stock traded up $0.25 during midday trading on Thursday, reaching $21.23. The company's stock had a trading volume of 3,682,044 shares, compared to its average volume of 5,119,103. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. 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 business has a 50-day moving average price of $20.60 and a 200-day moving average price of $22.16. The stock has a market cap of $14.36 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business's revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is currently 129.87%.

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.