XTX Topco Ltd Purchases New Position in Kimco Realty Corp (NYSE:KIM)

XTX Topco Ltd acquired a new stake in Kimco Realty Corp (NYSE:KIM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,153 shares of the real estate investment trust’s stock, valued at approximately $1,490,000.

Several other hedge funds also recently made changes to their positions in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock valued at $145,420,000 after purchasing an additional 5,598,091 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Kimco Realty by 43.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock valued at $154,583,000 after buying an additional 2,400,752 shares during the last quarter. FMR LLC boosted its holdings in shares of Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after acquiring an additional 1,283,352 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Kimco Realty by 11.7% during the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock worth $221,740,000 after acquiring an additional 1,193,600 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Kimco Realty by 71.5% during the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock worth $54,345,000 after acquiring an additional 1,164,029 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Compass Point increased their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Mizuho downgraded shares of Kimco Realty from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. The Goldman Sachs Group boosted their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Evercore ISI increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Nine investment 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 company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average target price of $24.50.

Kimco Realty Stock Performance

NYSE:KIM opened at $25.19 on Monday. The firm’s fifty day simple moving average is $24.33 and its 200-day simple moving average is $22.23. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $16.98 billion, a PE ratio of 45.80, a price-to-earnings-growth ratio of 3.31 and a beta of 1.50. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.

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

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s payout ratio is 174.55%.

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.