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

Landscape Capital Management L.L.C. decreased its stake in Kimco Realty Corp (NYSE:KIM) by 69.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,045 shares of the real estate investment trust’s stock after selling 87,579 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Kimco Realty were worth $883,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty in the 3rd quarter worth approximately $25,000. Blue Trust Inc. boosted its position in shares of Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares in the last quarter. UMB Bank n.a. raised its position in shares of Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,787 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,144 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the topic of several research analyst reports. UBS Group boosted their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Mizuho downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company raised their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average price target of $24.14.

Kimco Realty Trading Up 0.2 %

KIM opened at $25.37 on Friday. The stock has a 50-day moving average of $23.91 and a 200 day moving average of $21.71. 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. The firm has a market cap 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.

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

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is 174.55%.

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.