Kimco Realty Corp (NYSE:KIM) Shares Sold by XTX Topco Ltd

by · The Markets Daily

XTX Topco Ltd cut its position in Kimco Realty Corp (NYSE:KIM – Free Report) by 85.0% during the fourth quarter, Holdings Channel reports. The firm owned 9,603 shares of the real estate investment trust’s stock after selling 54,550 shares during the period. XTX Topco Ltd’s holdings in Kimco Realty were worth $225,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in Kimco Realty in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty in the third quarter worth $31,000. Brown Brothers Harriman & Co. lifted its position in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 575 shares during the period. Headlands Technologies LLC purchased a new stake in Kimco Realty in the fourth quarter valued at $45,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,104 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KIM shares. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Citigroup decreased their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Scotiabank dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.68.

View Our Latest Stock Report on Kimco Realty

Kimco Realty Trading Down 0.3 %

KIM stock opened at $20.37 on Friday. The business’s 50-day moving average is $20.78 and its 200 day moving average is $22.64. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.78 and a beta of 1.25. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM – Get Free Report) last issued its quarterly 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, sell-side analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Kimco Realty Company Profile

(Free Report)

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.

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