Centiva Capital LP Takes $852,000 Position in Kimco Realty Corp (NYSE:KIM)

Centiva Capital LP bought a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,713 shares of the real estate investment trust's stock, valued at approximately $852,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kimco Realty by 842.3% in 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 purchasing an additional 5,598,091 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Kimco Realty by 43.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock worth $154,583,000 after purchasing an additional 2,400,752 shares during the period. FMR LLC grew its position in Kimco Realty by 6.1% in 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 buying an additional 1,283,352 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Kimco Realty by 11.7% in 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 buying an additional 1,193,600 shares during the period. Finally, Sei Investments Co. raised its position 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 worth $54,345,000 after buying an additional 1,164,029 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

Kimco Realty stock traded up $0.08 during midday trading on Friday, reaching $25.18. 2,143,469 shares of the company were exchanged, compared to its average volume of 4,527,894. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 3.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The firm's 50-day simple moving average is $24.29 and its 200-day simple moving average is $22.15. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued 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). The firm had revenue of $507.63 million for the quarter, compared to analysts' expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.97%. Kimco Realty's dividend payout ratio is 181.82%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KIM. Truist Financial increased their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Evercore ISI increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Mizuho lowered shares of Kimco Realty from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. UBS Group increased their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Nine equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

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.