Masterton Capital Management LP Takes $5.36 Million Position in Kimco Realty Corp (NYSE:KIM)

Masterton Capital Management LP acquired a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 228,613 shares of the real estate investment trust's stock, valued at approximately $5,356,000. Kimco Realty accounts for about 3.0% of Masterton Capital Management LP's holdings, making the stock its 14th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Kimco Realty in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty in the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its stake in shares of Kimco Realty by 78.9% in 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 acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC increased its position in Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced 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 report on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Mizuho reduced their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Stock Performance

Shares of KIM stock traded up $0.95 during trading hours on Thursday, hitting $20.93. 10,639,264 shares of the company were exchanged, compared to its average volume of 4,449,336. The firm has a fifty day simple moving average of $20.70 and a 200 day simple moving average of $22.59. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results 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 20.17% and a return on equity of 3.82%. During the same quarter last year, the company posted $0.39 earnings per share. The business's revenue for the quarter was up 965.3% on a year-over-year basis. Research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. Kimco Realty's dividend payout ratio is 178.57%.

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.