XTX Topco Ltd Buys Shares of 64,153 Kimco Realty Corp (NYSE:KIM)

XTX Topco Ltd bought a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 64,153 shares of the real estate investment trust's stock, valued at approximately $1,490,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock valued at $340,000 after acquiring an additional 482 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Kimco Realty by 1.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust's stock worth $816,000 after acquiring an additional 522 shares during the period. CWM LLC lifted its holdings in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust's stock worth $309,000 after acquiring an additional 595 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Kimco Realty by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust's stock valued at $273,000 after acquiring an additional 663 shares during the period. Finally, Truist Financial Corp raised its position in shares of Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust's stock worth $724,000 after purchasing an additional 746 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Down 0.6 %

Shares of KIM stock traded down $0.14 during trading hours on Monday, reaching $25.05. 3,109,773 shares of the stock traded hands, compared to its average volume of 4,521,910. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $16.88 billion, a PE ratio of 45.54, a PEG ratio of 3.30 and a beta of 1.50. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The business has a fifty day moving average price of $24.37 and a 200 day moving average price of $22.28.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $502.78 million. During the same quarter in the previous year, the company earned $0.40 EPS. Kimco Realty's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research 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. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.99%. The ex-dividend date is Thursday, December 5th. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's payout ratio is 181.82%.

Analyst Ratings Changes

KIM has been the subject of a number of recent research reports. Argus upgraded Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. UBS Group lifted 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. Evercore ISI boosted their price target 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 Kimco Realty from an "outperform" rating to a "neutral" rating and raised their price target for the company from $20.00 to $23.00 in a report on Monday, August 19th. Finally, Robert W. Baird upped their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. 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 a consensus rating of "Moderate Buy" and an average target price of $24.50.

About Kimco Realty

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.