Kimco Realty Corp (NYSE:KIM) Short Interest Down 14.1% in February

Kimco Realty Corp (NYSE:KIM) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 15,990,000 shares, a drop of 14.1% from the February 13th total of 18,620,000 shares. Based on an average daily trading volume, of 4,360,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 2.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research firms recently commented on KIM. Wells Fargo & Company reduced their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Mizuho reduced their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank reduced their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, 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 report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Kimco Realty in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty in the 3rd quarter worth about $31,000. Brown Brothers Harriman & Co. lifted its stake in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 575 shares during the period. Brooklyn Investment Group bought a new position in Kimco Realty during the 3rd quarter valued at about $37,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Kimco Realty during the 4th quarter valued at about $45,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.0 %

Shares of KIM stock traded down $0.01 during trading hours on Wednesday, hitting $20.95. 4,246,981 shares of the company’s stock traded hands, compared to its average volume of 4,059,761. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.78 and a beta of 1.53. The stock’s fifty day simple moving average is $21.92 and its two-hundred day simple moving average is $23.24. Kimco Realty has a 12-month low of $17.57 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, analysts expect that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.77%. Kimco Realty’s dividend payout ratio is currently 178.57%.

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.