Graham Capital Management L.P. Takes $355,000 Position in Kimco Realty Corp (NYSE:KIM)

Graham Capital Management L.P. 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 disclosure with the SEC. The institutional investor acquired 15,170 shares of the real estate investment trust's stock, valued at approximately $355,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Asset Management One Co. Ltd. raised its position in shares of Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after buying an additional 12,705 shares during the period. B&I Capital AG raised its stake in shares of Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after acquiring an additional 62,100 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of Kimco Realty during the 4th quarter worth approximately $610,000. Proficio Capital Partners LLC acquired a new position in Kimco Realty during the fourth quarter worth $1,045,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Kimco Realty during the fourth quarter worth $546,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE KIM traded down $0.09 on Thursday, hitting $20.52. 430,193 shares of the company's stock were exchanged, compared to its average volume of 4,461,682. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.78 and a beta of 1.26. The firm's 50-day moving average price is $20.61 and its two-hundred day moving average price is $22.29. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

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

Kimco Realty Dividend Announcement

The business 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 $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.87%. Kimco Realty's dividend payout ratio is presently 129.87%.

Analysts Set New Price Targets

Several research firms have recently commented on KIM. Wells Fargo & Company lowered 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 note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. 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. 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 note on Monday, May 5th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.68.

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.