Woodline Partners LP acquired a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 386,552 shares of the real estate investment trust's stock, valued at approximately $9,057,000. Woodline Partners LP owned approximately 0.06% of Kimco Realty at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Kimco Realty during the 4th quarter worth $26,000. Brown Brothers Harriman & Co. grew its position in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kimco Realty in the 4th quarter valued at about $45,000. Catalyst Capital Advisors LLC grew its position in shares of Kimco Realty by 102.9% in the 4th 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 during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Kimco Realty in the 4th quarter valued at about $76,000. 89.25% of the stock is owned by institutional investors and hedge funds.
Kimco Realty Trading Down 0.4%
KIM traded down $0.09 during trading on Wednesday, reaching $20.93. The company had a trading volume of 590,028 shares, compared to its average volume of 5,111,333. The stock has a market cap of $14.16 billion, a P/E ratio of 37.37, a PEG ratio of 2.78 and a beta of 1.26. The business has a 50 day simple moving average of $20.59 and a 200-day simple moving average of $22.17. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for 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 for the quarter was up 965.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. On average, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Announces Dividend
The company also recently declared 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 dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's payout ratio is 129.87%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on KIM shares. Scotiabank cut their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Piper Sandler cut 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. Wells Fargo & Company lowered their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Raymond James lowered their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Kimco Realty presently has a consensus rating of "Hold" and a consensus price target of $24.68.
Read Our Latest Stock Report on Kimco Realty
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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