Kimco Realty Corp (NYSE:KIM - Get Rating) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 16,690,000 shares, a decrease of 6.9% from the January 15th total of 17,920,000 shares. Based on an average trading volume of 4,160,000 shares, the short-interest ratio is currently 4.0 days.
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Several large investors have recently bought and sold shares of KIM. EverSource Wealth Advisors LLC boosted its stake in Kimco Realty by 212.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,178 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 801 shares in the last quarter. Clear Street Markets LLC boosted its stake in Kimco Realty by 129.5% in the second quarter. Clear Street Markets LLC now owns 1,290 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 728 shares in the last quarter. Addison Advisors LLC boosted its stake in Kimco Realty by 13,836.4% in the second quarter. Addison Advisors LLC now owns 1,533 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 1,522 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in Kimco Realty by 58.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 669 shares in the last quarter. Finally, US Asset Management LLC acquired a new stake in Kimco Realty in the fourth quarter valued at about $35,000. 92.33% of the stock is owned by institutional investors and hedge funds.
Shares of KIM traded up $0.03 during trading hours on Friday, hitting $21.15. 2,812,516 shares of the company were exchanged, compared to its average volume of 4,578,533. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 141.00, a P/E/G ratio of 1.75 and a beta of 1.45. Kimco Realty has a fifty-two week low of $17.71 and a fifty-two week high of $26.57. The firm's fifty day moving average is $21.58 and its 200 day moving average is $21.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 9th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.35%. The ex-dividend date is Wednesday, March 8th. Kimco Realty's dividend payout ratio (DPR) is presently 613.33%.
A number of equities research analysts recently weighed in on KIM shares. Truist Financial cut Kimco Realty from a "buy" rating to a "hold" rating and dropped their price target for the company from $25.00 to $24.00 in a research note on Tuesday, January 17th. TheStreet raised Kimco Realty from a "c+" rating to a "b-" rating in a report on Tuesday, November 29th. Barclays upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, December 6th. Mizuho lowered Kimco Realty from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $21.00 in a report on Tuesday, January 10th. Finally, Citigroup upped their price objective on Kimco Realty from $23.00 to $26.00 in a report on Wednesday, December 14th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.25.
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.
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