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

Kimco Realty Corp (NYSE:KIM) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 1,389 call options on the company. This is an increase of 1,829% compared to the typical volume of 72 call options.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets set a $21.00 price target on Kimco Realty and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered Kimco Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Mizuho reaffirmed a “hold” rating and set a $19.00 target price on shares of Kimco Realty in a research report on Monday, October 9th. ValuEngine lowered Kimco Realty from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Kimco Realty in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Kimco Realty presently has an average rating of “Hold” and a consensus price target of $22.22.

Kimco Realty (NYSE:KIM) opened at $16.47 on Friday. Kimco Realty has a fifty-two week low of $16.41 and a fifty-two week high of $25.48. The stock has a market capitalization of $7,065.85, a price-to-earnings ratio of 19.15, a PEG ratio of 2.02 and a beta of 0.65. 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 (NYSE:KIM) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The company had revenue of $290.92 million during 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 company’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that Kimco Realty will post 1.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 29th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.80%. Kimco Realty’s dividend payout ratio (DPR) is currently 130.23%.

In other Kimco Realty news, insider Milton Cooper purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased 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 SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in KIM. Penserra Capital Management LLC purchased a new position in shares of Kimco Realty in the 3rd quarter valued at $105,000. Pacer Advisors Inc. increased its holdings in shares of Kimco Realty by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 790 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Kimco Realty in the 3rd quarter valued at $201,000. Stoneridge Investment Partners LLC purchased a new position in Kimco Realty during the 3rd quarter worth $203,000. Finally, Carnegie Capital Asset Management LLC purchased a new position in Kimco Realty during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 92.00% of the company’s stock.

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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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