Squarepoint Ops LLC Buys 111,496 Shares of Kimco Realty Corp (NYSE:KIM)

Squarepoint Ops LLC increased its stake in Kimco Realty Corp (NYSE:KIMFree Report) by 40.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 383,862 shares of the real estate investment trust’s stock after purchasing an additional 111,496 shares during the period. Squarepoint Ops LLC owned approximately 0.06% of Kimco Realty worth $8,994,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KIM. Barclays PLC boosted its stake in Kimco Realty by 14.3% in the third quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust’s stock worth $42,915,000 after buying an additional 231,606 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Kimco Realty in the fourth quarter worth approximately $215,000. Exchange Traded Concepts LLC boosted its stake in Kimco Realty by 61.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,497 shares of the real estate investment trust’s stock worth $1,324,000 after buying an additional 21,491 shares in the last quarter. Blue Trust Inc. boosted its stake in Kimco Realty by 26.8% in the fourth quarter. Blue Trust Inc. now owns 8,013 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 1,696 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Kimco Realty by 12.6% in the fourth quarter. Pacer Advisors Inc. now owns 56,298 shares of the real estate investment trust’s stock worth $1,319,000 after buying an additional 6,293 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

Shares of KIM stock opened at $20.48 on Friday. The stock has a fifty day moving average of $20.60 and a 200 day moving average of $22.24. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.78 and a beta of 1.26. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIMGet Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 965.3% on a year-over-year basis. As a group, research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.88%. Kimco Realty’s dividend payout ratio (DPR) is 129.87%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KIM shares. Scotiabank cut their target price on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Piper Sandler dropped their price objective on Kimco Realty from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.68.

Read Our Latest Report on Kimco Realty

Kimco Realty Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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