Kimco Realty Sees Unusually Large Options Volume (NYSE:KIM)

Kimco Realty Corporation (NYSE:KIM) was the recipient of unusually large options trading on Monday. Stock traders acquired 6,019 put options on the stock. This represents an increase of 2,019% compared to the average volume of 284 put options.

Wall Street Analyst Weigh In

KIM has been the subject of a number of research analyst reports. Morgan Stanley set a $23.50 price objective on shares of Kimco Realty in a research note on Monday, January 5th. UBS Group decreased 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 report on Thursday, January 8th. Mizuho set a $21.00 target price on shares of Kimco Realty in a report on Friday, January 9th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.57.

Kimco Realty Price Performance

Kimco Realty stock opened at $22.70 on Tuesday. Kimco Realty has a 52-week low of $17.93 and a 52-week high of $23.91. The firm has a fifty day moving average of $22.22 and a 200-day moving average of $21.42. The firm has a market capitalization of $15.30 billion, a P/E ratio of 28.03, a PEG ratio of 1.25 and a beta of 1.04. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, March 6th. Kimco Realty’s payout ratio is currently 128.40%.

Institutional Investors Weigh In On Kimco Realty

Several institutional investors and hedge funds have recently modified their holdings of KIM. Quent Capital LLC acquired a new position in Kimco Realty during the 3rd quarter worth approximately $27,000. Zions Bancorporation National Association UT boosted its holdings in Kimco Realty by 270.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,049 shares during the period. City Holding Co. acquired a new stake in Kimco Realty in the third quarter valued at approximately $30,000. Brown Lisle Cummings Inc. raised its stake in shares of Kimco Realty by 127.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 840 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Kimco Realty during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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.