Kimco Realty Corp (NYSE:KIM)’s share price traded up 5.3% during mid-day trading on Thursday . The company traded as high as $17.09 and last traded at $17.07. 7,597,571 shares were traded during mid-day trading, an increase of 75% from the average session volume of 4,347,461 shares. The stock had previously closed at $16.21.

A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Scotiabank assumed coverage on shares of Kimco Realty in a research note on Tuesday, October 16th. They issued an “underperform” rating for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.00.

The stock has a market capitalization of $6.83 billion, a PE ratio of 11.01, a PEG ratio of 3.18 and a beta of 0.35. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.90.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Monday, December 31st. Kimco Realty’s dividend payout ratio (DPR) is currently 72.26%.

Institutional investors have recently made changes to their positions in the stock. MML Investors Services LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $185,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $196,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $198,000. Point72 Hong Kong Ltd acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $205,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $221,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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About Kimco Realty (NYSE:KIM)

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 September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

Further Reading: Quiet Period

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