Kimco Realty Corp (NYSE:KIM) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC cut its position in shares of Kimco Realty Corp (NYSE:KIM) by 48.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,129 shares of the real estate investment trust’s stock after selling 313,656 shares during the quarter. Verition Fund Management LLC’s holdings in Kimco Realty were worth $7,689,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in shares of Kimco Realty by 18.1% during the 1st quarter. Tidal Investments LLC now owns 21,304 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 3,269 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Kimco Realty during the 1st quarter worth approximately $265,000. Teachers Retirement System of The State of Kentucky boosted its position in Kimco Realty by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 55,398 shares of the real estate investment trust’s stock valued at $1,086,000 after purchasing an additional 2,133 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Kimco Realty by 4.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 395,627 shares of the real estate investment trust’s stock worth $7,650,000 after buying an additional 16,876 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KIM shares. The Goldman Sachs Group boosted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Friday, August 16th. 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. Wells Fargo & Company increased their price objective on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, Compass Point lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Nine research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Kimco Realty Trading Down 0.8 %

NYSE KIM opened at $25.57 on Monday. The firm’s 50 day moving average price is $24.14 and its two-hundred day moving average price is $22.02. 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 Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 3.35 and a beta of 1.50.

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

Kimco Realty Increases Dividend

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend payout ratio is 174.55%.

Kimco Realty 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.