Short Interest in Kimco Realty Corp (NYSE:KIM) Increases By 20.5%

Kimco Realty Corp (NYSE:KIM - Get Free Report) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 18,620,000 shares, a growth of 20.5% from the January 31st total of 15,450,000 shares. Based on an average daily volume of 4,110,000 shares, the short-interest ratio is currently 4.5 days.

Institutional Investors Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIM. State Street Corp raised its holdings in Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after acquiring an additional 882,047 shares in the last quarter. FMR LLC raised its stake in shares of Kimco Realty by 7.9% during the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after purchasing an additional 1,755,684 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimco Realty by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock valued at $411,179,000 after buying an additional 377,074 shares during the last quarter. Invesco Ltd. grew its stake in shares of Kimco Realty by 18.3% in the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after buying an additional 2,692,258 shares in the last quarter. Finally, Resolution Capital Ltd increased its holdings in Kimco Realty by 13.7% during the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after buying an additional 1,992,550 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Kimco Realty Trading Down 0.7 %

NYSE:KIM traded down $0.16 during trading hours on Monday, hitting $21.28. The stock had a trading volume of 5,443,247 shares, compared to its average volume of 4,590,539. Kimco Realty has a one year low of $17.57 and a one year high of $25.83. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The business's 50 day moving average is $22.23 and its 200-day moving average is $23.36.

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

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KIM. Wells Fargo & Company decreased their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Evercore ISI decreased their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Mizuho dropped their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Scotiabank lowered their price target on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus target price of $24.43.

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.