Kimco Realty Target of Unusually High Options Trading (KIM)

Kimco Realty Corp (NYSE:KIM) was the target of some unusual options trading activity on Tuesday. Traders purchased 1,389 call options on the stock. This is an increase of 1,829% compared to the average volume of 72 call options.

A number of equities research analysts have recently commented on KIM shares. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Friday, December 15th. BMO Capital Markets set a $21.00 target price on shares of Kimco Realty and gave the company a “hold” rating in a research report on Wednesday, October 25th. Mizuho set a $20.00 target price on shares of Kimco Realty and gave the company a “hold” rating in a research report on Monday, December 18th. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kimco Realty in a research report on Friday, November 10th. Finally, Stifel Nicolaus started coverage on shares of Kimco Realty in a research report on Thursday, November 30th. They issued a “hold” rating and a $19.50 target price for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Kimco Realty presently has an average rating of “Hold” and a consensus target price of $22.22.

In related news, insider Milton Cooper acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KIM. FMR LLC increased its position in Kimco Realty by 24.5% during the second quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 2,408,799 shares during the last quarter. American Century Companies Inc. acquired a new stake in Kimco Realty during the third quarter worth about $44,360,000. BlackRock Inc. increased its position in Kimco Realty by 3.8% during the second quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock worth $759,119,000 after purchasing an additional 1,506,999 shares during the last quarter. Hamlin Capital Management LLC increased its position in Kimco Realty by 38.9% during the third quarter. Hamlin Capital Management LLC now owns 4,330,610 shares of the real estate investment trust’s stock worth $84,663,000 after purchasing an additional 1,212,542 shares during the last quarter. Finally, Private Management Group Inc. acquired a new stake in Kimco Realty during the third quarter worth about $21,318,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Shares of Kimco Realty (NYSE KIM) opened at $16.76 on Friday. The company has a market cap of $7,130.00, a PE ratio of 24.65, a PEG ratio of 2.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. Kimco Realty has a 12-month low of $16.68 and a 12-month high of $25.70.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a return on equity of 7.73% and a net margin of 35.51%. The firm had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. Kimco Realty’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Kimco Realty will post 1.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Friday, December 29th. Kimco Realty’s dividend payout ratio (DPR) is presently 164.71%.

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Kimco Realty Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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