Landscape Capital Management L.L.C. Acquires 47,146 Shares of Kimco Realty Corp (NYSE:KIM)

Landscape Capital Management L.L.C. grew its holdings in Kimco Realty Corp (NYSE:KIM) by 123.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 85,191 shares of the real estate investment trust’s stock after buying an additional 47,146 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Kimco Realty were worth $1,996,000 at the end of the most recent reporting period.

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

Kimco Realty Trading Down 3.7 %

Kimco Realty stock opened at $19.33 on Friday. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 2.78 and a beta of 1.53. The firm has a 50-day moving average of $21.57 and a 200-day moving average of $23.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 5.17%. Kimco Realty’s dividend payout ratio is 178.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank dropped their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Mizuho reduced their target price 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. Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.43.

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.