49,638 Shares in Kimco Realty Corporation (NYSE:KIM) Bought by Leisure Capital Management

Key Points

• Leisure Capital Management has invested approximately $1.05 million in Kimco Realty Corporation by acquiring 49,638 shares during the first quarter.
• Kimco Realty recently declared a quarterly dividend of $0.25 per share, representing a 4.8% dividend yield.
• Analysts have upgraded and adjusted ratings on Kimco Realty, with a consensus rating of "Moderate Buy" and a price target of $24.57.

Leisure Capital Management bought a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,638 shares of the real estate investment trust's stock, valued at approximately $1,054,000.

A number of other hedge funds have also made changes to their positions in the company. ING Groep NV grew its stake in Kimco Realty by 24.4% in the 1st quarter. ING Groep NV now owns 420,064 shares of the real estate investment trust's stock valued at $8,922,000 after acquiring an additional 82,370 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Kimco Realty by 0.8% in the first quarter. US Bancorp DE now owns 121,102 shares of the real estate investment trust's stock valued at $2,572,000 after purchasing an additional 911 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Kimco Realty in the first quarter valued at approximately $719,000. Vestcor Inc increased its stake in shares of Kimco Realty by 1,107.3% during the 1st quarter. Vestcor Inc now owns 172,288 shares of the real estate investment trust's stock worth $3,659,000 after purchasing an additional 158,018 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in shares of Kimco Realty by 4.1% during the 1st quarter. Meeder Advisory Services Inc. now owns 16,412 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of NYSE:KIM traded down $0.40 on Friday, reaching $20.80. 3,489,990 shares of the company's stock were exchanged, compared to its average volume of 4,486,133. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The business's 50-day moving average is $21.27 and its two-hundred day moving average is $21.19. The company has a quick ratio of 3.47, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.55 and a beta of 1.31.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, equities research 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, September 19th. Investors of record on Friday, September 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, September 5th. Kimco Realty's dividend payout ratio (DPR) is currently 120.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KIM shares. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler dropped their price objective on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Scotiabank cut their target price on shares of 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. Raymond James Financial reduced their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Finally, Barclays started coverage on shares of Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price target for the company. Ten analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average target price of $24.57.

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.