Tudor Investment Corp ET AL Trims Stock Holdings in Kimco Realty Corporation $KIM

Tudor Investment Corp ET AL decreased its holdings in Kimco Realty Corporation (NYSE:KIM) by 69.4% during the third quarter, HoldingsChannel.com reports. The firm owned 93,787 shares of the real estate investment trust’s stock after selling 212,873 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Kimco Realty were worth $2,049,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in Kimco Realty in the 3rd quarter worth about $27,000. City Holding Co. bought a new stake in Kimco Realty during the 3rd quarter valued at about $30,000. CYBER HORNET ETFs LLC purchased a new stake in Kimco Realty in the 2nd quarter valued at about $37,000. Lavaca Capital LLC boosted its position in Kimco Realty by 869.5% in the 2nd quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,739 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in Kimco Realty in the 2nd quarter worth about $42,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

KIM opened at $22.21 on Friday. The firm has a market capitalization of $14.97 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31. The business’s 50-day moving average is $22.35 and its two-hundred day moving average is $21.42. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $23.91.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty’s payout ratio is presently 128.40%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Mizuho set a $21.00 target price on shares of Kimco Realty in a research report on Friday, January 9th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Truist Financial raised their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Finally, Argus reiterated a “buy” rating and issued a $27.00 target price on shares of Kimco Realty in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $24.70.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.