Hudson Bay Capital Management LP Acquires Shares of 400,039 Kimco Realty Corp (NYSE:KIM)

Hudson Bay Capital Management LP purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 400,039 shares of the real estate investment trust's stock, valued at approximately $9,373,000. Hudson Bay Capital Management LP owned approximately 0.06% of Kimco Realty as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in Kimco Realty in the 4th quarter worth approximately $363,436,000. Northern Trust Corp increased its holdings in shares of Kimco Realty by 55.0% in the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after acquiring an additional 3,658,528 shares in the last quarter. Federated Hermes Inc. lifted its stake in Kimco Realty by 90.5% in the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock valued at $170,535,000 after buying an additional 3,457,435 shares in the last quarter. Invesco Ltd. increased its holdings in Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after purchasing an additional 2,692,258 shares in the last quarter. Finally, Amundi boosted its position in shares of Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after buying an additional 2,484,536 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KIM. Citigroup reduced their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Piper Sandler lowered their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered 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. 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. Finally, Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Price Performance

Shares of KIM traded up $0.26 during midday trading on Thursday, hitting $21.36. 2,524,472 shares of the company traded hands, compared to its average volume of 4,459,184. 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 Corp has a one year low of $17.93 and a one year high of $25.83. The firm has a market cap of $14.45 billion, a P/E ratio of 38.14, a PEG ratio of 2.78 and a beta of 1.26. The stock has a 50-day moving average of $20.55 and a 200-day moving average of $22.38.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend 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.