Point72 Hong Kong Ltd Has $757,000 Holdings in Kimco Realty Corp (NYSE:KIM)

Point72 Hong Kong Ltd cut its stake in shares of Kimco Realty Corp (NYSE:KIM) by 59.6% in the 4th quarter, HoldingsChannel reports. The fund owned 32,296 shares of the real estate investment trust’s stock after selling 47,682 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Kimco Realty were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KIM. FMR LLC raised its position in shares of Kimco Realty by 7.9% in the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust’s stock valued at $564,560,000 after buying an additional 1,755,684 shares in the last quarter. Geode Capital Management LLC raised its position in 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 valued at $411,179,000 after purchasing an additional 377,074 shares in the last quarter. Invesco Ltd. grew its stake in shares of Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock worth $407,301,000 after buying an additional 2,692,258 shares during the last quarter. Norges Bank bought a new stake in shares of Kimco Realty during the fourth quarter worth $363,436,000. Finally, Northern Trust Corp grew its stake in shares of Kimco Realty by 55.0% during the fourth 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 during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KIM has been the topic of several analyst reports. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Scotiabank reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler reduced their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Mizuho reduced their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, Raymond James reduced their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Monday, May 5th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.68.

Kimco Realty Price Performance

KIM stock opened at $21.36 on Friday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 38.14, 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 Corp has a 12-month low of $17.93 and a 12-month high of $25.83. The company’s fifty day simple moving average is $20.55 and its 200 day simple moving average is $22.36.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Kimco Realty’s revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. Kimco Realty’s dividend payout ratio is currently 129.87%.

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.