Landscape Capital Management L.L.C. Sells 87,579 Shares of Kimco Realty Corp (NYSE:KIM)

Landscape Capital Management L.L.C. lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 69.7% during the 3rd quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty during the third quarter valued at $25,000. Blue Trust Inc. boosted its position in Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,816 shares during the period. EverSource Wealth Advisors LLC grew its stake in Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 773 shares in the last quarter. UMB Bank n.a. increased its position in shares of Kimco Realty by 112.6% during the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,787 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Kimco Realty by 378.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 3,144 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM opened at $25.37 on Friday. The firm’s fifty day simple moving average is $23.91 and its two-hundred day simple moving average is $21.71. The firm has a market capitalization of $17.10 billion, a P/E ratio of 46.13, a P/E/G ratio of 3.28 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.46.

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

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 5th. This is a boost 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 (DPR) is 174.55%.

Analysts Set New Price Targets

Several research analysts recently issued reports on KIM shares. UBS Group increased their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Friday, August 16th. Robert W. Baird lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company increased their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, The Goldman Sachs Group boosted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

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.