Kimco Realty Corp (NYSE:KIM) Short Interest Down 5.5% in October

Kimco Realty Corp (NYSE:KIM) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 15,840,000 shares, a decrease of 5.5% from the September 30th total of 16,760,000 shares. Based on an average daily volume of 4,030,000 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Trading of Kimco Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Kimco Realty by 1.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 522 shares during the last quarter. CWM LLC lifted its stake in shares of Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 595 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in Kimco Realty by 1.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 640 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in Kimco Realty by 5.0% in the 2nd 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 boosted its holdings in shares of Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after acquiring an additional 746 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 1.1 %

KIM traded up $0.26 during trading hours on Friday, hitting $23.98. 116,076 shares of the company’s stock were exchanged, compared to its average volume of 4,579,728. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. Kimco Realty has a 1-year low of $17.51 and a 1-year high of $24.67. The stock’s 50-day moving average is $23.46 and its two-hundred day moving average is $21.04. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 4.09 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $500.20 million for the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Sell-side analysts predict that Kimco Realty will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.17%. This is a boost 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 presently 177.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KIM shares. Wells Fargo & Company raised their price target on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Compass Point raised their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Friday, August 16th. Evercore ISI raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Scotiabank increased their price target on Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty Company 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.