Kimco Realty Corporation $KIM Shares Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its position in shares of Kimco Realty Corporation (NYSE:KIM) by 91.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,239 shares of the real estate investment trust’s stock after buying an additional 103,213 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kimco Realty were worth $4,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of Kimco Realty during the third quarter worth approximately $4,511,000. BOKF NA boosted its stake in Kimco Realty by 526.0% during the 3rd quarter. BOKF NA now owns 4,407 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 3,703 shares during the period. Duff & Phelps Investment Management Co. grew its position in Kimco Realty by 78.4% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 839,451 shares of the real estate investment trust’s stock worth $18,342,000 after purchasing an additional 368,900 shares during the last quarter. Mackenzie Financial Corp grew its position in Kimco Realty by 2.5% during the 3rd quarter. Mackenzie Financial Corp now owns 77,803 shares of the real estate investment trust’s stock worth $1,700,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded up $0.08 during trading on Friday, reaching $23.03. The company’s stock had a trading volume of 311,245 shares, compared to its average volume of 5,954,527. The business has a 50 day moving average price of $21.87 and a 200-day moving average price of $21.41. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $23.91. The company has a market capitalization of $15.52 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.78.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, March 6th. Kimco Realty’s payout ratio is presently 128.40%.

Wall Street Analyst Weigh In

KIM has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, December 15th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Piper Sandler upped their price objective on Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their target price on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, Barclays reissued an “overweight” rating and issued a $25.00 target price on shares of Kimco Realty in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average price target of $24.23.

Kimco Realty Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.