Centiva Capital LP Purchases 49,730 Shares of Kimco Realty Corp (NYSE:KIM)

Centiva Capital LP grew its position in shares of Kimco Realty Corp (NYSE:KIM) by 135.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,443 shares of the real estate investment trust’s stock after buying an additional 49,730 shares during the quarter. Centiva Capital LP’s holdings in Kimco Realty were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KIM. FMR LLC increased its holdings in Kimco Realty by 7.9% during the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust’s stock valued at $564,560,000 after purchasing an additional 1,755,684 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimco Realty by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust’s stock worth $411,179,000 after purchasing an additional 377,074 shares during the last quarter. Invesco Ltd. increased its stake in shares of Kimco Realty by 18.3% in the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock valued at $407,301,000 after buying an additional 2,692,258 shares in the last quarter. Norges Bank bought a new position in shares of Kimco Realty in the fourth quarter valued at about $363,436,000. Finally, Northern Trust Corp lifted its position in Kimco Realty by 55.0% during the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust’s stock worth $241,446,000 after buying an additional 3,658,528 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.4 %

Shares of NYSE:KIM opened at $20.64 on Wednesday. The company has a 50 day moving average price of $20.63 and a two-hundred day moving average price of $22.49. The company has a market capitalization of $14.02 billion, a PE ratio of 36.86, a PEG ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue was up 965.3% compared to the same quarter last year. Analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.84%. Kimco Realty’s dividend payout ratio (DPR) is currently 129.87%.

Analyst Ratings Changes

KIM has been the subject of a number of research analyst reports. Mizuho dropped their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Raymond James dropped their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Monday. Wells Fargo & Company lowered their target price on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Scotiabank decreased their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. 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. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $24.68.

Kimco Realty 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.