79,978 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 79,978 shares of the real estate investment trust's stock, valued at approximately $1,857,000.

A number of other institutional investors also recently modified their holdings of KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after acquiring an additional 5,598,091 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Kimco Realty by 43.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock valued at $154,583,000 after acquiring an additional 2,400,752 shares during the period. FMR LLC lifted its position in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after acquiring an additional 1,283,352 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Kimco Realty by 11.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock valued at $221,740,000 after acquiring an additional 1,193,600 shares during the period. Finally, Sei Investments Co. increased its stake in Kimco Realty by 71.5% during the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock valued at $54,345,000 after purchasing an additional 1,164,029 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KIM. Mizuho lowered shares of Kimco Realty from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $20.00 to $23.00 in a research note on Monday, August 19th. UBS Group boosted their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Argus upgraded shares of Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. Raymond James upgraded shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 target price for the company in a research note on Friday, August 16th. Finally, Truist Financial upped their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty currently has an average rating of "Moderate Buy" and an average price target of $24.50.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.30 on Monday, reaching $25.27. The stock had a trading volume of 861,772 shares, compared to its average volume of 4,545,331. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a market cap of $17.03 billion, a P/E ratio of 46.49, a price-to-earnings-growth ratio of 3.35 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The business's 50 day moving average is $24.14 and its two-hundred day moving average is $22.02.

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

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.96%. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. Kimco Realty's payout ratio is presently 174.55%.

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.