Landscape Capital Management L.L.C. trimmed its position in Kimco Realty Corporation (NYSE:KIM – Free Report) by 58.2% in the fourth quarter, HoldingsChannel reports. The firm owned 90,445 shares of the real estate investment trust’s stock after selling 125,794 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Kimco Realty were worth $1,833,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock worth $2,351,000 after purchasing an additional 41,265 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after acquiring an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Kimco Realty in the first quarter valued at about $61,000. Quantbot Technologies LP purchased a new position in Kimco Realty in the second quarter valued at about $331,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Kimco Realty by 30.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,170 shares during the last quarter. 89.25% of the stock is owned by institutional investors.
Kimco Realty Stock Performance
NYSE KIM opened at $25.36 on Tuesday. The company’s 50 day simple moving average is $23.82 and its two-hundred day simple moving average is $22.34. The stock has a market capitalization of $17.10 billion, a PE ratio of 29.48, a P/E/G ratio of 2.97 and a beta of 0.96. Kimco Realty Corporation has a 1 year low of $19.76 and a 1 year high of $26.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78.
Kimco Realty Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.93%.
Analysts Set New Price Targets
KIM has been the topic of a number of research analyst reports. Stifel Nicolaus set a $28.00 target price on shares of Kimco Realty in a research note on Thursday. Piper Sandler upped their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Weiss Ratings upgraded shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Truist Financial increased their target price on shares of Kimco Realty from $23.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.33.
Read Our Latest Report on Kimco Realty
Kimco Realty Profile
Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.
Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.
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