Tower Research Capital LLC TRC Reduces Stake in Kimco Realty Corp (NYSE:KIM)

Tower Research Capital LLC TRC decreased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,898 shares of the real estate investment trust's stock after selling 16,380 shares during the period. Tower Research Capital LLC TRC's holdings in Kimco Realty were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in Kimco Realty by 14.3% in the third quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock valued at $42,915,000 after acquiring an additional 231,606 shares in the last quarter. World Investment Advisors LLC acquired a new position in Kimco Realty during the third quarter worth approximately $269,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty in the 3rd quarter valued at about $31,000. Tidal Investments LLC lifted its stake in shares of Kimco Realty by 17.9% during the third quarter. Tidal Investments LLC now owns 35,999 shares of the real estate investment trust's stock worth $836,000 after purchasing an additional 5,466 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Kimco Realty by 6.2% in the third quarter. Synovus Financial Corp now owns 42,579 shares of the real estate investment trust's stock worth $989,000 after buying an additional 2,476 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Mizuho decreased 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 dropped their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Scotiabank cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and decreased their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Trading Up 4.4 %

Shares of NYSE:KIM traded up $0.87 during midday trading on Thursday, reaching $20.85. The company's stock had a trading volume of 5,418,969 shares, compared to its average volume of 4,429,563. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 37.37, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The business has a 50 day moving average price of $20.70 and a 200 day moving average price of $22.59. Kimco Realty Corp has a 1 year low of $17.93 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. During the same period last year, the company posted $0.39 EPS. The business's revenue was up 965.3% on a year-over-year basis. Research analysts forecast 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 was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

Kimco Realty 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.