Point72 DIFC Ltd Takes $2.39 Million Position in Kimco Realty Corp (NYSE:KIM)

Point72 DIFC Ltd acquired a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 102,795 shares of the real estate investment trust's stock, valued at approximately $2,387,000.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Kimco Realty by 2.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust's stock valued at $73,195,000 after acquiring an additional 103,861 shares during the period. Victory Capital Management Inc. boosted its holdings in Kimco Realty by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust's stock valued at $19,422,000 after acquiring an additional 274,295 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kimco Realty by 4.5% during the 3rd 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 period. Sei Investments Co. boosted its holdings 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 valued at $54,345,000 after acquiring an additional 1,164,029 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Kimco Realty by 5.3% in the 3rd quarter. Swedbank AB now owns 555,094 shares of the real estate investment trust's stock worth $12,889,000 after buying an additional 28,109 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Up 0.3 %

NYSE:KIM traded up $0.06 during mid-day trading on Thursday, hitting $25.12. 4,036,156 shares of the company's stock traded hands, compared to its average volume of 4,538,042. The company has a fifty day moving average of $24.29 and a 200 day moving average of $22.15. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a market capitalization of $16.93 billion, a P/E ratio of 45.66, 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.

Kimco Realty (NYSE:KIM - Get Free Report) last announced 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 net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts forecast 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. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, December 5th. Kimco Realty's dividend payout ratio is currently 174.55%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI upped their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Argus upgraded Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Mizuho cut 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 report on Monday, August 19th. Finally, UBS Group upped their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus 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.