Kimco Realty Sees Unusually Large Options Volume (NYSE:KIM)

Kimco Realty Corp (NYSE:KIM - Get Free Report) saw some unusual options trading on Tuesday. Traders bought 3,608 put options on the company. This represents an increase of approximately 1,416% compared to the average volume of 238 put options.

Hedge Funds Weigh In On Kimco Realty

Several hedge funds and other institutional investors have recently bought and sold shares of KIM. Summit Securities Group LLC bought a new stake in Kimco Realty in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the third quarter valued at about $31,000. Brown Brothers Harriman & Co. lifted its position in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $45,000. Finally, Sentry Investment Management LLC bought a new position in shares of Kimco Realty in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Up 2.1 %

Shares of Kimco Realty stock traded up $0.42 on Friday, hitting $20.58. The company had a trading volume of 4,086,246 shares, compared to its average volume of 4,360,506. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The firm has a market capitalization of $13.98 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.78 and a beta of 1.25. The stock has a 50-day moving average of $20.94 and a 200-day moving average of $22.74. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share 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%. Research analysts predict that Kimco Realty will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.86%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

Wall Street Analyst Weigh In

Several brokerages have commented on KIM. Citigroup decreased their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Finally, Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and cut their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average price target of $24.75.

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.