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

Inscription Capital LLC purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,977 shares of the real estate investment trust's stock, valued at approximately $392,000.

Other large investors also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in shares of Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 611 shares during the period. Principal Financial Group Inc. grew its stake in shares of Kimco Realty by 23.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,389,023 shares of the real estate investment trust's stock worth $32,545,000 after buying an additional 259,426 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,104 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Kimco Realty by 10.1% in the fourth quarter. Sanctuary Advisors LLC now owns 40,288 shares of the real estate investment trust's stock worth $914,000 after buying an additional 3,684 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Kimco Realty by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 103,273 shares of the real estate investment trust's stock worth $2,420,000 after acquiring an additional 4,637 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KIM. Raymond James Financial cut their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Monday, May 5th. 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 note on Wednesday, March 26th. Scotiabank decreased their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Citigroup dropped their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Stock Up 1.0%

Shares of KIM traded up $0.22 during trading hours on Thursday, reaching $21.00. The company's stock had a trading volume of 3,700,043 shares, compared to its average volume of 4,475,762. The company has a 50 day moving average of $20.79 and a two-hundred day moving average of $21.72. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.46 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The business's revenue was up 965.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. As a group, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is currently 129.87%.

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.