Kimco Realty Corp. (NYSE:KIM) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 11,118,643 shares, a decline of 35.1% from the October 14th total of 17,126,101 shares. Based on an average daily trading volume, of 2,516,682 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.7% of the company’s shares are sold short.

A number of brokerages have recently weighed in on KIM. Vetr raised Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price objective for the company in a research note on Monday, September 12th. Deutsche Bank AG lifted their price objective on Kimco Realty Corp. from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, August 17th. Barclays PLC reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Kimco Realty Corp. in a research note on Tuesday, July 19th. Royal Bank Of Canada lifted their price objective on Kimco Realty Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Finally, Canaccord Genuity lifted their price objective on Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.59.

Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Advisory Service Inc. raised its position in shares of Kimco Realty Corp. by 0.8% in the third quarter. Financial Advisory Service Inc. now owns 10,993 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 85 shares in the last quarter. Synovus Financial Corp raised its position in shares of Kimco Realty Corp. by 0.6% in the second quarter. Synovus Financial Corp now owns 15,780 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 94 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of Kimco Realty Corp. by 0.4% in the third quarter. Alpine Woods Capital Investors LLC now owns 51,500 shares of the real estate investment trust’s stock worth $1,491,000 after buying an additional 200 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Kimco Realty Corp. by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,451 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 213 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of Kimco Realty Corp. by 1.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 16,009 shares of the real estate investment trust’s stock worth $502,000 after buying an additional 213 shares in the last quarter. 91.47% of the stock is currently owned by institutional investors.

Shares of Kimco Realty Corp. (NYSE:KIM) opened at 26.16 on Tuesday. The firm’s 50-day moving average price is $27.51 and its 200-day moving average price is $29.23. The stock has a market capitalization of $11.12 billion, a P/E ratio of 17.55 and a beta of 0.86. Kimco Realty Corp. has a one year low of $24.75 and a one year high of $32.24.

Kimco Realty Corp. (NYSE:KIM) last issued its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Kimco Realty Corp. had a return on equity of 12.62% and a net margin of 57.87%. The company had revenue of $285.08 million for the quarter, compared to analyst estimates of $288.31 million. During the same quarter in the prior year, the company posted $0.40 EPS. Equities research analysts anticipate that Kimco Realty Corp. will post $1.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from Kimco Realty Corp.’s previous quarterly dividend of $0.26. Kimco Realty Corp.’s dividend payout ratio is currently 67.55%.

Kimco Realty Corp. Company Profile

Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

5 Day Chart for NYSE:KIM

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