Twinbeech Capital LP Makes New Investment in Kimco Realty Corp (NYSE:KIM)

Twinbeech Capital LP acquired a new position in shares of Kimco Realty Corp (NYSE:KIM) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 212,406 shares of the real estate investment trust’s stock, valued at approximately $4,977,000.

Other large investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock worth $28,868,000 after buying an additional 12,705 shares in the last quarter. B&I Capital AG lifted its holdings in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock worth $11,945,000 after buying an additional 62,100 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Kimco Realty during the 4th quarter worth $610,000. Proficio Capital Partners LLC acquired a new position in shares of Kimco Realty in the 4th quarter valued at $1,045,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Kimco Realty in the 4th quarter valued at $546,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KIM shares. Citigroup cut their price target 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. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Piper Sandler cut their price target on Kimco Realty from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.68.

Kimco Realty Price Performance

KIM opened at $21.30 on Wednesday. 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 Corp has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a fifty day simple moving average of $20.61 and a 200 day simple moving average of $22.30. The stock has a market cap of $14.41 billion, a P/E ratio of 38.04, a P/E/G ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business had revenue of $536.62 million during the quarter, compared to analysts’ expectations of $520.68 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 965.3% on a year-over-year basis. On average, research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 129.87%.

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.