D. E. Shaw & Co. Inc. Reduces Stake in Kimco Realty Corp (KIM)
D. E. Shaw & Co. Inc. cut its position in Kimco Realty Corp (NYSE:KIM) by 60.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,540 shares of the real estate investment trust’s stock after selling 29,747 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Kimco Realty were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Kimco Realty by 15.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,110,958 shares of the real estate investment trust’s stock worth $269,698,000 after purchasing an additional 2,161,479 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Kimco Realty in the 3rd quarter worth about $221,000. Renaissance Technologies LLC raised its position in shares of Kimco Realty by 1,026.1% in the 3rd quarter. Renaissance Technologies LLC now owns 1,011,200 shares of the real estate investment trust’s stock worth $16,927,000 after purchasing an additional 921,400 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Kimco Realty by 543.1% in the 3rd quarter. First Republic Investment Management Inc. now owns 93,823 shares of the real estate investment trust’s stock worth $1,570,000 after purchasing an additional 79,234 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Kimco Realty in the 3rd quarter worth about $196,000. 87.11% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Evercore ISI lowered Kimco Realty from an “in-line” rating to an “underperform” rating in a research report on Monday, April 1st. They noted that the move was a valuation call. Zacks Investment Research raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, ValuEngine upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Kimco Realty has a consensus rating of “Hold” and a consensus price target of $17.60.
NYSE KIM opened at $17.89 on Tuesday. Kimco Realty Corp has a one year low of $13.16 and a one year high of $18.64. The stock has a market capitalization of $7.66 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.90.
Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.18). Kimco Realty had a return on equity of 8.84% and a net margin of 41.49%. The business had revenue of $284.20 million during the quarter, compared to the consensus estimate of $278.28 million. On average, sell-side analysts expect that Kimco Realty Corp will post 1.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a $0.28 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.12 annualized dividend and a yield of 6.26%. Kimco Realty’s payout ratio is 77.24%.
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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.
Further Reading: Understanding each part of a balance sheet
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