Adage Capital Partners GP L.L.C. Has $11.83 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Adage Capital Partners GP L.L.C. decreased its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 504,763 shares of the real estate investment trust's stock after selling 30,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of Kimco Realty worth $11,827,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KIM. Barclays PLC lifted its holdings 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 buying an additional 231,606 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at $269,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty during the 3rd quarter valued at $31,000. Tidal Investments LLC raised its position in shares of 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 valued at $836,000 after acquiring an additional 5,466 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Kimco Realty by 6.2% during the 3rd quarter. Synovus Financial Corp now owns 42,579 shares of the real estate investment trust's stock valued at $989,000 after acquiring an additional 2,476 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

KIM stock opened at $20.37 on Monday. The stock has a 50-day moving average price of $20.78 and a two-hundred day moving average price of $22.64. The stock has a market cap of $13.84 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. 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 1 year low of $17.93 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

Analyst Ratings Changes

KIM has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. 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 research report on Wednesday, March 26th. Scotiabank lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Finally, Mizuho lowered their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.