Kettle Hill Capital Management LLC Has $19.40 Million Position in Kimco Realty Corp (NYSE:KIM)

Kettle Hill Capital Management LLC trimmed its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 48.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 910,519 shares of the real estate investment trust's stock after selling 869,853 shares during the quarter. Kimco Realty comprises 5.1% of Kettle Hill Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Kettle Hill Capital Management LLC owned about 0.15% of Kimco Realty worth $19,403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KIM. Vinva Investment Management Ltd increased its position in Kimco Realty by 48.0% in the fourth quarter. Vinva Investment Management Ltd now owns 26,290 shares of the real estate investment trust's stock worth $573,000 after purchasing an additional 8,524 shares during the period. American International Group Inc. increased its position in Kimco Realty by 6.3% in the fourth quarter. American International Group Inc. now owns 174,307 shares of the real estate investment trust's stock worth $3,714,000 after purchasing an additional 10,407 shares during the period. Cibc World Markets Corp increased its position in Kimco Realty by 767.2% in the fourth quarter. Cibc World Markets Corp now owns 296,716 shares of the real estate investment trust's stock worth $6,323,000 after purchasing an additional 262,502 shares during the period. 1832 Asset Management L.P. acquired a new stake in Kimco Realty in the fourth quarter worth about $9,001,000. Finally, Tower Research Capital LLC TRC increased its position in Kimco Realty by 131.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 81,755 shares of the real estate investment trust's stock worth $1,742,000 after purchasing an additional 46,416 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.9 %

Shares of Kimco Realty stock traded up $0.16 on Friday, reaching $18.10. 6,804,176 shares of the company were exchanged, compared to its average volume of 4,909,854. Kimco Realty Corp has a one year low of $16.34 and a one year high of $22.83. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 4.04 and a beta of 1.45. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $19.32 and a 200 day moving average of $19.30.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty's dividend payout ratio (DPR) is presently 94.12%.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KIM shares. Piper Sandler boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 20th. Bank of America reiterated a "neutral" rating and issued a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a "hold" rating and a $23.00 target price on the stock. Robert W. Baird cut their target price on Kimco Realty from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday, April 4th. Finally, Citigroup restated a "neutral" rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.67.

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.

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