Point72 Hong Kong Ltd Sells 47,682 Shares of Kimco Realty Corp (NYSE:KIM)

Point72 Hong Kong Ltd decreased its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 59.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in KIM. Asset Management One Co. Ltd. grew its position in shares of Kimco Realty by 1.0% in 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 acquiring an additional 12,705 shares during the period. B&I Capital AG boosted its stake in shares of Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after buying an additional 62,100 shares during the period. Generali Asset Management SPA SGR bought a new position in Kimco Realty during the 4th quarter worth $610,000. Proficio Capital Partners LLC bought a new position in Kimco Realty in the 4th quarter valued at about $1,045,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Kimco Realty during the fourth quarter valued at approximately $5,537,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Piper Sandler dropped their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Citigroup cut their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Raymond James lowered their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Stock Performance

Shares of NYSE KIM traded down $0.02 during mid-day trading on Monday, reaching $21.67. 3,914,441 shares of the company's stock were exchanged, compared to its average volume of 4,462,362. 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 has a market capitalization of $14.66 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a 50-day moving average price of $20.57 and a two-hundred day moving average price of $22.32.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. 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. Analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

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.