23,287 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,287 shares of the real estate investment trust's stock, valued at approximately $546,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC grew its position in Kimco Realty by 14.3% during the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock worth $42,915,000 after purchasing an additional 231,606 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty in the third quarter worth $31,000. Tidal Investments LLC raised its holdings in Kimco Realty by 17.9% during the 3rd 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 during the last quarter. Nordea Investment Management AB boosted its stake in Kimco Realty by 6.9% during the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock worth $1,319,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in Kimco Realty in the 4th quarter valued at approximately $303,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KIM shares. Piper Sandler cut their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Raymond James cut their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company cut their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, Scotiabank dropped their target price 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. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Price Performance

KIM stock traded up $0.14 during trading hours on Friday, hitting $20.82. 3,218,402 shares of the stock traded hands, compared to its average volume of 4,443,740. The stock has a 50-day simple moving average of $20.56 and a 200 day simple moving average of $22.42. The company has a market cap of $14.08 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.78 and a beta of 1.26. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted 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 business had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Kimco Realty's revenue was up 965.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. Equities analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.80%. Kimco Realty's dividend payout ratio (DPR) is 129.87%.

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.