Landscape Capital Management L.L.C. Grows Position in Kimco Realty Corp (NYSE:KIM)

Landscape Capital Management L.L.C. grew its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 123.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,191 shares of the real estate investment trust's stock after acquiring an additional 47,146 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Kimco Realty were worth $1,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Yoffe Investment Management LLC acquired a new stake in shares of Kimco Realty in the fourth quarter valued at about $379,000. Pitcairn Co. grew its position in shares of Kimco Realty by 4.0% in the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 567 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Kimco Realty by 5.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,949,070 shares of the real estate investment trust's stock worth $186,247,000 after acquiring an additional 414,155 shares during the period. Groupama Asset Managment purchased a new position in shares of Kimco Realty during the 4th quarter worth $1,102,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Kimco Realty in the fourth quarter valued at about $45,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Down 2.8 %

NYSE:KIM traded down $0.56 during mid-day trading on Thursday, hitting $19.60. The stock had a trading volume of 3,112,306 shares, compared to its average volume of 4,358,139. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a 50-day simple moving average of $21.23 and a two-hundred day simple moving average of $22.87. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $13.32 billion, a PE ratio of 35.14, a PEG ratio of 2.78 and a beta of 1.25.

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Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is 178.57%.

Analyst Ratings Changes

Several research firms have weighed in on KIM. Citigroup decreased their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Scotiabank decreased their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Evercore ISI cut their price objective on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average target price of $24.75.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.