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

Kimco Realty Corp (NYSE:KIM) saw a large drop in short interest during the month of 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. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 4,360,000 shares, the short-interest ratio is presently 3.7 days.

Kimco Realty Stock Up 0.0 %

Shares of NYSE KIM traded up $0.01 during midday trading on Thursday, hitting $20.98. The stock had a trading volume of 1,189,767 shares, compared to its average volume of 4,049,656. The business’s 50 day moving average is $21.90 and its 200-day moving average is $23.23. The company has a market cap of $14.25 billion, a P/E ratio of 37.37, a PEG ratio of 2.78 and a beta of 1.53. Kimco Realty has a 52 week low of $17.57 and a 52 week high of $25.83. 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 (NYSE:KIM) last issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, analysts predict that Kimco Realty will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date 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 (DPR) is 178.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Mizuho dropped their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wells Fargo & Company dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIM. Norges Bank bought a new position in Kimco Realty during the fourth quarter valued at approximately $363,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kimco Realty by 842.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after acquiring an additional 5,598,091 shares during the period. Northern Trust Corp raised its position in Kimco Realty by 55.0% in 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 acquiring an additional 3,658,528 shares during the period. Federated Hermes Inc. raised its position in Kimco Realty by 90.5% in the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust’s stock worth $170,535,000 after acquiring an additional 3,457,435 shares during the period. Finally, Invesco Ltd. raised its position in 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 worth $407,301,000 after acquiring an additional 2,692,258 shares during the period. Institutional investors own 89.25% of the company’s stock.

About Kimco Realty

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.