Kimco Realty Target of Unusually Large Options Trading (NYSE:KIM)

Kimco Realty Corp (NYSE:KIM) saw some unusual options trading activity on Tuesday. Investors purchased 3,608 put options on the company. This is an increase of approximately 1,416% compared to the typical volume of 238 put options.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Mizuho dropped their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Citigroup lowered their price objective 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. Finally, Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average price target of $24.75.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $20.19 on Thursday. The firm has a 50 day simple moving average of $21.01 and a 200 day simple moving average of $22.77. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 2.78 and a beta of 1.25. Kimco Realty has a one year low of $17.58 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Research analysts predict that Kimco Realty will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.95%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Institutional Investors Weigh In On Kimco Realty

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Kimco Realty by 7.9% during the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust’s stock worth $564,560,000 after purchasing an additional 1,755,684 shares during the period. Geode Capital Management LLC raised its position in Kimco Realty by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust’s stock worth $411,179,000 after purchasing an additional 377,074 shares during the last quarter. Invesco Ltd. lifted its holdings in Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock worth $407,301,000 after buying an additional 2,692,258 shares during the period. Resolution Capital Ltd grew its position in shares of Kimco Realty by 13.7% in the 4th quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust’s stock valued at $388,442,000 after buying an additional 1,992,550 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Kimco Realty in the fourth quarter valued at about $363,436,000. 89.25% of the stock is owned by institutional investors.

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.