Tudor Investment Corp ET AL Sells 212,873 Shares of Kimco Realty Corporation $KIM

Key Points

• Tudor Investment Corp ET AL trimmed its Kimco stake by 69.4% in Q3, selling 212,873 shares and now holds 93,787 shares valued at about $2.05 million.
• Kimco recently paid a $0.26 quarterly dividend (annualized $1.04) for a 4.5% yield128.4%.
• Analysts have a consensus rating of Moderate Buy with a $24.70 target, and price objectives were recently raised by several firms (range up to $28).

Tudor Investment Corp ET AL decreased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 69.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,787 shares of the real estate investment trust's stock after selling 212,873 shares during the quarter. Tudor Investment Corp ET AL's holdings in Kimco Realty were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in Kimco Realty in the 3rd quarter worth approximately $27,000. City Holding Co. bought a new stake in Kimco Realty in the third quarter valued at approximately $30,000. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty in the second quarter valued at approximately $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty in the second quarter valued at approximately $42,000. Finally, HM Payson & Co. lifted its position in Kimco Realty by 558.2% in the third quarter. HM Payson & Co. now owns 2,080 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,764 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

Shares of KIM stock opened at $23.14 on Monday. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.30 and a beta of 1.03. The business's fifty day moving average is $22.71 and its 200 day moving average is $21.46. Kimco Realty Corporation has a twelve month low of $19.33 and a twelve month high of $23.91. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, March 6th. Kimco Realty's dividend payout ratio is currently 128.40%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. boosted their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. Morgan Stanley set a $23.50 price objective on Kimco Realty in a research report on Monday, January 5th. Truist Financial boosted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Monday, March 23rd. Finally, Piper Sandler boosted their price objective on Kimco Realty from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.70.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation NYSE: KIM is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company's portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco's core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.

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