Kimco Realty Corp (NYSE:KIM) Shares Bought by Ieq Capital LLC

Ieq Capital LLC raised its position in Kimco Realty Corp (NYSE:KIM) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,789 shares of the real estate investment trust’s stock after buying an additional 853 shares during the period. Ieq Capital LLC’s holdings in Kimco Realty were worth $393,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KIM. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the third quarter worth $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty during the third quarter valued at $37,000. Quarry LP acquired a new stake in shares of Kimco Realty in the third quarter valued at about $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Kimco Realty in the fourth quarter valued at about $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM stock opened at $21.63 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The company has a market capitalization of $14.69 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The firm’s 50-day moving average is $22.45 and its two-hundred day moving average is $23.37. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.62%. Kimco Realty’s dividend payout ratio (DPR) is currently 178.57%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KIM. Scotiabank raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.