Y Intercept Hong Kong Ltd Acquires New Shares in Kimco Realty Corporation $KIM

Y Intercept Hong Kong Ltd bought a new position in Kimco Realty Corporation (NYSE:KIM) in the third quarter, HoldingsChannel reports. The fund bought 83,349 shares of the real estate investment trust’s stock, valued at approximately $1,821,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kimco Realty by 59.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after acquiring an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after purchasing an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Kimco Realty in the first quarter worth approximately $61,000. Farther Finance Advisors LLC grew its position in Kimco Realty by 46.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,916 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 3,168 shares during the period. Finally, Signaturefd LLC raised its stake in Kimco Realty by 8.8% during the 2nd quarter. Signaturefd LLC now owns 9,107 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 739 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of research reports. Barclays restated an “overweight” rating and issued a $25.00 price target on shares of Kimco Realty in a research note on Tuesday, January 13th. Wall Street Zen cut Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Morgan Stanley set a $23.50 price target on Kimco Realty in a research note on Monday, January 5th. UBS Group lowered their price objective on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Argus reissued a “buy” rating and issued a $27.00 price objective on shares of Kimco Realty in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.89.

Kimco Realty Trading Up 1.0%

Shares of KIM stock opened at $20.69 on Friday. The stock has a fifty day simple moving average of $20.45 and a two-hundred day simple moving average of $21.16. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.03. The firm has a market capitalization of $14.01 billion, a PE ratio of 24.93, a PEG ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The firm had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.