Landscape Capital Management L.L.C. Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Landscape Capital Management L.L.C. trimmed its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 69.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,045 shares of the real estate investment trust's stock after selling 87,579 shares during the period. Landscape Capital Management L.L.C.'s holdings in Kimco Realty were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KIM. Janus Henderson Group PLC grew its stake in Kimco Realty by 3,711.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,828,917 shares of the real estate investment trust's stock worth $55,462,000 after acquiring an additional 2,754,695 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Kimco Realty by 43.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock worth $154,583,000 after purchasing an additional 2,400,752 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Kimco Realty by 30.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust's stock worth $114,659,000 after purchasing an additional 1,381,490 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock worth $221,740,000 after purchasing an additional 1,193,600 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Kimco Realty by 71.5% in the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock worth $54,345,000 after purchasing an additional 1,164,029 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

NYSE:KIM traded up $0.06 during mid-day trading on Friday, hitting $25.37. The company's stock had a trading volume of 2,903,330 shares, compared to its average volume of 4,222,677. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 46.13, a PEG ratio of 3.32 and a beta of 1.50. The business's fifty day moving average is $23.93 and its two-hundred day moving average is $21.75.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period last year, the business earned $0.40 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. Analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.94%. Kimco Realty's dividend payout ratio is 174.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Raymond James raised shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target for the company in a research report on Friday, August 16th. Mizuho cut shares of Kimco Realty from an "outperform" rating to a "neutral" rating and increased their target price for the company from $20.00 to $23.00 in a research report on Monday, August 19th. Scotiabank lifted their price target on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Finally, UBS Group increased their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.14.

About Kimco Realty

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.