Kimco Realty Sees Unusually Large Options Volume (NYSE:KIM)

Kimco Realty Corp (NYSE:KIM - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 3,608 put options on the stock. This is an increase of approximately 1,416% compared to the typical volume of 238 put options.

Institutional Investors Weigh In On Kimco Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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. Lord Abbett & CO. LLC acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $17,636,000. B&I Capital AG grew its holdings in shares of Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after purchasing an additional 62,100 shares during the period. Nordea Investment Management AB raised its holdings in Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after buying an additional 3,614 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new position in Kimco Realty during the fourth quarter worth about $610,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KIM. Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Scotiabank lowered their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Finally, Evercore ISI cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.75.

Kimco Realty Price Performance

Shares of NYSE KIM traded up $0.42 during mid-day trading on Friday, reaching $20.58. The company's stock had a trading volume of 4,086,246 shares, compared to its average volume of 4,360,506. The stock has a market capitalization of $13.98 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty has a 1-year low of $17.93 and a 1-year high of $25.83. The stock has a 50-day moving average of $20.94 and a two-hundred day moving average of $22.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts anticipate that Kimco Realty will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. Kimco Realty's payout ratio is 178.57%.

Kimco Realty Company 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.