Kimco Realty Corp (NYSE:KIM) Short Interest Update

Kimco Realty Corp (NYSE:KIM) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 17,880,000 shares, a growth of 11.5% from the October 31st total of 16,030,000 shares. Based on an average daily volume of 4,050,000 shares, the short-interest ratio is currently 4.4 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Compass Point lifted their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. The Goldman Sachs Group boosted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. UBS Group boosted their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Evercore ISI lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Institutional Investors Weigh In On Kimco Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of KIM. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty in the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Kimco Realty during the 3rd quarter worth about $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the 3rd quarter worth about $37,000. Blue Trust Inc. boosted its position in Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,816 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 773 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE KIM opened at $25.21 on Wednesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $22.10. Kimco Realty has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 3.30 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Sell-side analysts expect that Kimco Realty will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s payout ratio is currently 174.55%.

Kimco Realty Company 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.