Twinbeech Capital LP Makes New $4.98 Million Investment in Kimco Realty Corp (NYSE:KIM)

Twinbeech Capital LP acquired a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 212,406 shares of the real estate investment trust's stock, valued at approximately $4,977,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings 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 worth $28,868,000 after purchasing an additional 12,705 shares during the period. B&I Capital AG boosted its stake in Kimco Realty by 13.9% during the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after buying an additional 62,100 shares during the period. Generali Asset Management SPA SGR bought a new position in Kimco Realty during the fourth quarter valued at $610,000. Proficio Capital Partners LLC purchased a new stake in shares of Kimco Realty in the fourth quarter valued at $1,045,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Kimco Realty in the fourth quarter valued at $546,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.13 on Monday, reaching $20.48. The company's stock had a trading volume of 2,903,930 shares, compared to its average volume of 4,491,126. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $13.85 billion, a P/E ratio of 36.56, a PEG ratio of 2.78 and a beta of 1.26. The stock has a 50-day moving average price of $20.60 and a 200-day moving average price of $22.20. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. During the same period last year, the firm posted $0.39 earnings per share. The company's revenue for the quarter was up 965.3% on a year-over-year basis. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, June 6th. Kimco Realty's payout ratio is currently 129.87%.

Analysts Set New Price Targets

KIM has been the topic of several recent analyst reports. Piper Sandler reduced their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wall Street Zen cut shares of Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday. Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Mizuho cut their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Raymond James decreased their price target 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. One equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $24.68.

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.