Y Intercept Hong Kong Ltd Invests $1.82 Million in Kimco Realty Corporation $KIM

Y Intercept Hong Kong Ltd purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 83,349 shares of the real estate investment trust’s stock, valued at approximately $1,821,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kimco Realty by 59.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 buying an additional 38,554 shares during the period. Geneos Wealth Management Inc. bought a new stake in Kimco Realty during the 1st quarter valued at $61,000. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 3,168 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Kimco Realty by 8.8% in the second quarter. Signaturefd LLC now owns 9,107 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 739 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KIM shares. Citigroup reduced their price target on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Morgan Stanley set a $23.50 target price on shares of Kimco Realty in a research report on Monday, January 5th. UBS Group cut their target price 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 target on shares of Kimco Realty in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.89.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $20.69 on Friday. The business has a fifty day moving average price of $20.45 and a 200-day moving average price of $21.16. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.59 and a quick ratio of 3.59. The company 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. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $23.03.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. Kimco Realty’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. As a group, equities analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Profile

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.