Inscription Capital LLC Purchases New Shares in Kimco Realty Corporation (NYSE:KIM)

Inscription Capital LLC purchased a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,977 shares of the real estate investment trust's stock, valued at approximately $392,000.

Several other institutional investors and hedge funds also recently modified their holdings of KIM. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty in the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Kimco Realty by 78.9% during the fourth 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 during the period. Headlands Technologies LLC purchased a new position in shares of Kimco Realty during the fourth quarter valued at approximately $45,000. Sentry Investment Management LLC purchased a new position in shares of Kimco Realty during the first quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC lifted its stake 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 buying an additional 1,104 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KIM. Raymond James Financial reduced their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Piper Sandler reduced their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Mizuho reduced their price objective 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. Finally, Scotiabank reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Trading Down 0.6%

Shares of Kimco Realty stock traded down $0.12 during trading hours on Friday, hitting $20.88. The company's stock had a trading volume of 10,711,456 shares, compared to its average volume of 4,491,160. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The business has a fifty day moving average of $20.83 and a 200 day moving average of $21.64. The company has a market capitalization of $14.12 billion, a PE ratio of 27.11, a P/E/G ratio of 1.45 and a beta of 1.27. 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 (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The company had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business's quarterly revenue was up 965.3% compared to the same quarter last year. As a group, equities analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

Kimco Realty Company 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.