Point72 Asset Management L.P. Makes New $1.07 Million Investment in Kimco Realty Corp (NYSE:KIM)

Point72 Asset Management L.P. acquired a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 46,272 shares of the real estate investment trust's stock, valued at approximately $1,074,000.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its stake in shares of Kimco Realty by 13.1% in the second quarter. CWM LLC now owns 12,728 shares of the real estate investment trust's stock worth $248,000 after acquiring an additional 1,473 shares during the last quarter. Czech National Bank boosted its position in Kimco Realty by 8.5% in the 2nd quarter. Czech National Bank now owns 127,174 shares of the real estate investment trust's stock valued at $2,475,000 after buying an additional 9,965 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Kimco Realty by 10.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 119,144 shares of the real estate investment trust's stock valued at $2,319,000 after buying an additional 11,577 shares during the period. Vanderbilt University raised its position in shares of Kimco Realty by 22.2% during the second quarter. Vanderbilt University now owns 73,706 shares of the real estate investment trust's stock worth $1,434,000 after acquiring an additional 13,409 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its stake in shares of Kimco Realty by 1.0% during the second quarter. Murphy Pohlad Asset Management LLC now owns 188,207 shares of the real estate investment trust's stock valued at $3,663,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

NYSE:KIM traded down $0.26 during mid-day trading on Wednesday, reaching $24.47. The stock had a trading volume of 1,966,742 shares, compared to its average volume of 4,514,641. The stock has a 50-day simple moving average of $24.40 and a two-hundred day simple moving average of $22.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a market capitalization of $16.49 billion, a PE ratio of 45.00, a P/E/G ratio of 3.30 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period last year, the firm posted $0.40 EPS. Kimco Realty's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.09%. Kimco Realty's payout ratio is 181.82%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI boosted their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Argus raised shares of Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Mizuho increased their price target on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday. UBS Group lifted their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Compass Point increased their target price on Kimco Realty from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average price target of $24.70.

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.