Lecap Asset Management Ltd. Purchases Shares of 66,517 Kimco Realty Corp (NYSE:KIM)

Lecap Asset Management Ltd. acquired a new position in shares of Kimco Realty Corp (NYSE:KIM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 66,517 shares of the real estate investment trust’s stock, valued at approximately $1,545,000.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares in the last quarter. UMB Bank n.a. grew its holdings in Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,787 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Kimco Realty in the first quarter valued at approximately $70,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 3,144 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the completion of the transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at $7,389,473.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KIM has been the subject of several recent analyst reports. Compass Point boosted their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Wells Fargo & Company upped their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Mizuho cut Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $23.00 in a report on Monday, August 19th. Raymond James raised Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Friday, August 16th. Finally, Robert W. Baird raised their target price on Kimco Realty from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty Price Performance

Shares of KIM stock opened at $23.96 on Thursday. The firm’s 50-day moving average is $23.30 and its two-hundred day moving average is $20.83. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $24.67. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $16.15 billion, a PE ratio of 45.21, a price-to-earnings-growth ratio of 3.95 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business had revenue of $500.20 million during the quarter, compared to analyst estimates of $500.87 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Analysts predict that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.24 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 4.01%. Kimco Realty’s payout ratio is currently 181.13%.

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.