Inscription Capital LLC Buys New Position in Kimco Realty Corporation (NYSE:KIM)

Inscription Capital LLC acquired a new position in Kimco Realty Corporation (NYSE:KIM) in the first quarter, Holdings Channel reports. The fund acquired 19,977 shares of the real estate investment trust’s stock, valued at approximately $392,000.

Several other institutional investors also recently modified their holdings of KIM. Summit Securities Group LLC bought a new position in Kimco Realty during the fourth quarter valued at $26,000. Brown Brothers Harriman & Co. grew its holdings in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $45,000. Catalyst Capital Advisors LLC increased its holdings in shares of Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,104 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Kimco Realty in the 1st quarter worth about $45,000. 89.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James Financial reduced their price objective on Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.68.

Kimco Realty Trading Down 0.8%

NYSE KIM opened at $20.76 on Wednesday. The firm has a market cap of $14.04 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The stock has a 50-day moving average of $20.76 and a 200-day moving average of $21.74. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to analysts’ expectations of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The business’s quarterly revenue was up 965.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. Kimco Realty’s payout ratio is presently 129.87%.

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.