Kettle Hill Capital Management LLC Buys 907,929 Shares of Kimco Realty Corp (NYSE:KIM)

Kettle Hill Capital Management LLC increased its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 180.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,409,811 shares of the real estate investment trust's stock after buying an additional 907,929 shares during the period. Kimco Realty accounts for approximately 7.2% of Kettle Hill Capital Management LLC's holdings, making the stock its 4th biggest position. Kettle Hill Capital Management LLC owned about 0.21% of Kimco Realty worth $33,032,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Kimco Realty by 7.9% during the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC boosted its position in Kimco Realty by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock valued at $411,179,000 after purchasing an additional 377,074 shares during the last quarter. Invesco Ltd. raised its stake in Kimco Realty by 18.3% in the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after buying an additional 2,692,258 shares during the period. Norges Bank acquired a new position in Kimco Realty in the fourth quarter valued at about $363,436,000. Finally, Northern Trust Corp increased its stake in 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 valued at $241,446,000 after acquiring an additional 3,658,528 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Price Performance

Kimco Realty stock traded down $0.37 during midday trading on Wednesday, reaching $21.10. The company had a trading volume of 504,584 shares, compared to its average volume of 5,267,044. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The firm's fifty day simple moving average is $20.55 and its 200-day simple moving average is $22.39. The company has a market capitalization of $14.27 billion, a P/E ratio of 37.67, a P/E/G ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted 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. 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 during the quarter, compared to analysts' expectations of $520.68 million. During the same quarter last year, the company posted $0.39 EPS. The firm's quarterly revenue was up 965.3% on a year-over-year basis. As a group, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. Kimco Realty's payout ratio is 129.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank dropped their price target on shares of 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. Mizuho dropped their price objective 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. Wells Fargo & Company cut their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, 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 report on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.