Verition Fund Management LLC Has $7.69 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Verition Fund Management LLC trimmed its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 48.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,129 shares of the real estate investment trust's stock after selling 313,656 shares during the period. Verition Fund Management LLC's holdings in Kimco Realty were worth $7,689,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KIM. FMR LLC grew its holdings in shares of 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 worth $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. APG Asset Management US Inc. grew its stake in Kimco Realty by 1.6% during the second quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust's stock worth $288,155,000 after buying an additional 240,000 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Kimco Realty by 11.7% during the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock worth $221,740,000 after buying an additional 1,193,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kimco Realty by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust's stock worth $197,116,000 after buying an additional 94,811 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock valued at $220,131,000 after acquiring an additional 405,685 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 1.4 %

Shares of Kimco Realty stock traded down $0.35 during trading on Monday, reaching $25.22. 3,122,682 shares of the company were exchanged, compared to its average volume of 4,555,481. The business has a 50-day moving average price of $24.17 and a 200-day moving average price of $22.06. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 45.85, a P/E/G ratio of 3.35 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83.

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

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty's dividend payout ratio (DPR) is currently 181.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 8th. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. Compass Point upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Wells Fargo & Company raised their price objective on shares of Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Finally, Mizuho lowered shares of Kimco Realty from an "outperform" rating to a "neutral" rating and upped their target price for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.