Kimco Realty Target of Unusually High Options Trading (KIM)

Kimco Realty Corp (NYSE:KIM) was the recipient of unusually large options trading on Tuesday. Traders acquired 1,389 call options on the company. This represents an increase of approximately 1,829% compared to the average volume of 72 call options.

In other news, insider Milton Cooper bought 50,000 shares of Kimco Realty stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $19.20 per share, for a total transaction of $960,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at $105,000. Carnegie Capital Asset Management LLC bought a new position in shares of Kimco Realty during the 2nd quarter valued at $204,000. Pacer Advisors Inc. lifted its holdings in shares of Kimco Realty by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 790 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Kimco Realty during the 3rd quarter valued at $201,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Kimco Realty during the 3rd quarter valued at $203,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kimco Realty (NYSE:KIM) opened at $17.01 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. Kimco Realty has a 52 week low of $16.93 and a 52 week high of $25.70. The company has a market capitalization of $7,290.00, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.66.

Kimco Realty (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). Kimco Realty had a net margin of 17.85% and a return on equity of 4.68%. The business had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $295.34 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.58%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, December 29th. Kimco Realty’s dividend payout ratio is presently 164.71%.

Several research firms recently weighed in on KIM. Zacks Investment Research downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. ValuEngine downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Mizuho set a $20.00 price target on Kimco Realty and gave the stock a “hold” rating in a research note on Monday, December 18th. JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Friday, December 15th. Finally, Stifel Nicolaus began coverage on Kimco Realty in a research note on Thursday, November 30th. They issued a “hold” rating and a $19.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.22.

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About Kimco Realty

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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