XTX Topco Ltd Sells 54,550 Shares of Kimco Realty Corp (NYSE:KIM)

XTX Topco Ltd lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mariner LLC boosted its holdings in Kimco Realty by 51.6% during the 4th quarter. Mariner LLC now owns 114,457 shares of the real estate investment trust’s stock valued at $2,682,000 after acquiring an additional 38,964 shares during the period. Advisors Capital Management LLC boosted its stake in shares of Kimco Realty by 1.4% during the fourth quarter. Advisors Capital Management LLC now owns 172,926 shares of the real estate investment trust’s stock valued at $4,052,000 after purchasing an additional 2,418 shares during the period. Townsquare Capital LLC grew its holdings in shares of Kimco Realty by 5.3% in the fourth quarter. Townsquare Capital LLC now owns 13,770 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 688 shares during the last quarter. Sterling Capital Management LLC increased its stake in Kimco Realty by 26.7% in the 4th quarter. Sterling Capital Management LLC now owns 66,122 shares of the real estate investment trust’s stock worth $1,549,000 after buying an additional 13,929 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its holdings in Kimco Realty by 146.2% during the 4th quarter. Quinn Opportunity Partners LLC now owns 74,100 shares of the real estate investment trust’s stock valued at $1,736,000 after buying an additional 44,000 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

KIM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price 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 dropped their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.68.

Kimco Realty Stock Performance

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

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 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.