Landscape Capital Management L.L.C. Decreases Stock Position in Kimco Realty Corporation $KIM

Key Points

• Landscape Capital Management L.L.C. reduced its stake in Kimco Realty Corporation by 20.8%, selling 17,738 shares during the first quarter, leaving it with 67,453 shares valued at approximately $1.43 million.
• Institutional ownership of Kimco Realty is significant, with 89.25% of shares held by various hedge funds and institutions that have altered their holdings recently.
• Analysts have issued mixed ratings on Kimco Realty, with a consensus rating of "Moderate Buy" and a target price of $24.75, following several price adjustments from different financial institutions.

Landscape Capital Management L.L.C. reduced its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 20.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,453 shares of the real estate investment trust's stock after selling 17,738 shares during the period. Landscape Capital Management L.L.C.'s holdings in Kimco Realty were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KIM. OMERS ADMINISTRATION Corp grew its position in shares of Kimco Realty by 25.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 107,681 shares of the real estate investment trust's stock valued at $2,287,000 after acquiring an additional 22,087 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Kimco Realty by 49.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 956,745 shares of the real estate investment trust's stock worth $20,321,000 after buying an additional 317,623 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Kimco Realty by 4.2% in the 1st quarter. Synovus Financial Corp now owns 44,797 shares of the real estate investment trust's stock valued at $951,000 after purchasing an additional 1,817 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Kimco Realty by 36.6% in the first quarter. Walleye Capital LLC now owns 13,599 shares of the real estate investment trust's stock valued at $289,000 after acquiring an additional 3,646 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Kimco Realty in the first quarter worth approximately $261,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, August 20th. Piper Sandler dropped their target price on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Barclays increased their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and an average price target of $24.75.

Kimco Realty Trading Up 0.9%

KIM traded up $0.21 on Wednesday, hitting $22.46. The company had a trading volume of 1,712,084 shares, compared to its average volume of 4,747,107. The company's fifty day moving average price is $21.53 and its 200 day moving average price is $21.11. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. 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 $15.21 billion, a P/E ratio of 27.05, a PEG ratio of 1.63 and a beta of 1.32.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. Kimco Realty's dividend payout ratio (DPR) is presently 120.48%.

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.