Kimco Realty Corp (NYSE:KIM) Shares Sold by GTS Securities LLC

GTS Securities LLC lessened its position in shares of Kimco Realty Corp (NYSE:KIM) by 48.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,762 shares of the real estate investment trust’s stock after selling 9,250 shares during the quarter. GTS Securities LLC’s holdings in Kimco Realty were worth $229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KIM. Woodline Partners LP acquired a new position in Kimco Realty in the 4th quarter valued at about $9,057,000. Squarepoint Ops LLC raised its stake in Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust’s stock valued at $8,994,000 after purchasing an additional 111,496 shares during the last quarter. Twinbeech Capital LP acquired a new position in Kimco Realty in the 4th quarter valued at about $4,977,000. Tidal Investments LLC raised its stake in Kimco Realty by 52.1% in the 4th quarter. Tidal Investments LLC now owns 54,765 shares of the real estate investment trust’s stock valued at $1,283,000 after purchasing an additional 18,766 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Kimco Realty by 7.9% in the 4th quarter. Toronto Dominion Bank now owns 360,454 shares of the real estate investment trust’s stock valued at $8,445,000 after purchasing an additional 26,363 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KIM. Piper Sandler cut their target price on shares of Kimco Realty from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Citigroup lowered their price target on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Scotiabank lowered their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.68.

Kimco Realty Stock Down 0.5%

Shares of NYSE:KIM opened at $21.25 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a 1 year low of $17.93 and a 1 year high of $25.83. The stock has a market capitalization of $14.38 billion, a P/E ratio of 37.95, a PEG ratio of 2.78 and a beta of 1.26. The stock has a 50-day simple moving average of $20.60 and a 200-day simple moving average of $22.11.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Kimco Realty’s revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. Equities analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. Kimco Realty’s dividend payout ratio (DPR) is presently 129.87%.

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.