Lecap Asset Management Ltd. Lowers Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Lecap Asset Management Ltd. reduced its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 47.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,696 shares of the real estate investment trust's stock after selling 31,821 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Kimco Realty were worth $813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after buying an additional 882,047 shares during the last quarter. FMR LLC boosted its stake in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after acquiring an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kimco Realty by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock valued at $398,468,000 after acquiring an additional 53,378 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Kimco Realty by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock worth $220,131,000 after purchasing an additional 405,685 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock worth $145,420,000 after purchasing an additional 5,598,091 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

Kimco Realty stock traded up $0.22 during midday trading on Tuesday, reaching $22.36. 3,598,417 shares of the stock traded hands, compared to its average volume of 4,577,778. The stock has a market cap of $15.07 billion, a P/E ratio of 40.65, a PEG ratio of 2.92 and a beta of 1.50. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock's fifty day moving average is $23.15 and its 200-day moving average is $23.38. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. As a group, equities research analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. Kimco Realty's dividend payout ratio (DPR) is presently 181.82%.

Analyst Ratings Changes

KIM has been the subject of several recent research reports. Evercore ISI cut their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Mizuho boosted their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. UBS Group raised their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Finally, Scotiabank raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Kimco Realty has an average rating of "Moderate Buy" and an average target price of $24.97.

Kimco Realty 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.