Point72 Hong Kong Ltd lessened its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,296 shares of the real estate investment trust's stock after selling 47,682 shares during the period. Point72 Hong Kong Ltd's holdings in Kimco Realty were worth $757,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Kimco Realty by 14.3% in the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock worth $42,915,000 after buying an additional 231,606 shares during the last quarter. Czech National Bank boosted its holdings in Kimco Realty by 6.4% in the fourth quarter. Czech National Bank now owns 146,155 shares of the real estate investment trust's stock valued at $3,424,000 after acquiring an additional 8,832 shares in the last quarter. Avanza Fonder AB purchased a new position in Kimco Realty during the 4th quarter valued at $1,204,000. O Keefe Stevens Advisory Inc. raised its holdings in Kimco Realty by 1.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 378,489 shares of the real estate investment trust's stock worth $8,868,000 after purchasing an additional 3,791 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its position in shares of Kimco Realty by 6.4% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 46,292 shares of the real estate investment trust's stock worth $1,085,000 after purchasing an additional 2,796 shares during the period. Institutional investors own 89.25% of the company's stock.
Wall Street Analyst Weigh In
KIM has been the topic of several research analyst reports. Mizuho reduced their price target on shares of 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 reduced their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Scotiabank lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Finally, Raymond James cut their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.68.
Check Out Our Latest Report on KIM
Kimco Realty Stock Performance
Shares of KIM stock traded down $0.59 on Wednesday, reaching $20.72. The stock had a trading volume of 921,374 shares, compared to its average volume of 4,456,872. 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 Corp has a 1 year low of $17.93 and a 1 year high of $25.83. The stock has a market cap of $14.01 billion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The company has a 50 day simple moving average of $20.61 and a 200 day simple moving average of $22.30.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's revenue for the quarter was up 965.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's payout ratio is 129.87%.
Kimco Realty Profile
(
Free Report)
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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