Kettle Hill Capital Management LLC Buys New Position in Kimco Realty Corporation $KIM

Kettle Hill Capital Management LLC purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 682,890 shares of the real estate investment trust’s stock, valued at approximately $14,921,000. Kimco Realty makes up approximately 3.4% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 11th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Kimco Realty during the third quarter valued at approximately $27,000. City Holding Co. acquired a new position in shares of Kimco Realty in the 3rd quarter valued at approximately $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty in the second quarter worth $37,000. Lavaca Capital LLC raised its holdings in Kimco Realty by 869.5% in the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,739 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Kimco Realty during the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

KIM stock opened at $22.90 on Monday. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $23.91. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31. The stock’s fifty day moving average is $21.93 and its two-hundred day moving average is $21.40.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a $0.26 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.04 annualized dividend and a yield of 4.5%. Kimco Realty’s dividend payout ratio (DPR) is currently 128.40%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, December 15th. Citigroup reduced their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Mizuho set a $21.00 price target on Kimco Realty in a report on Friday, January 9th. Evercore set a $24.00 price objective on shares of Kimco Realty in a report on Friday, February 13th. Finally, Piper Sandler increased their target price on shares of Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $24.23.

Kimco Realty Company 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.