Lecap Asset Management Ltd. Cuts Holdings in Kimco Realty Corporation $KIM

Lecap Asset Management Ltd. trimmed its holdings in Kimco Realty Corporation (NYSE:KIM – Free Report) by 43.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 37,256 shares of the real estate investment trust’s stock after selling 28,698 shares during the period. Lecap Asset Management Ltd.’s holdings in Kimco Realty were worth $755,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Grace & White Inc. NY boosted its holdings in shares of Kimco Realty by 3.3% during the 4th quarter. Grace & White Inc. NY now owns 410,728 shares of the real estate investment trust’s stock valued at $8,325,000 after acquiring an additional 13,166 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Kimco Realty by 3.3% during the fourth quarter. AE Wealth Management LLC now owns 219,902 shares of the real estate investment trust’s stock valued at $4,457,000 after purchasing an additional 6,931 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Kimco Realty by 38.6% during the fourth quarter. Private Trust Co. NA now owns 3,999 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 1,113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Kimco Realty by 21.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,193 shares of the real estate investment trust’s stock valued at $2,882,000 after purchasing an additional 25,533 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Kimco Realty by 25.4% in the fourth quarter. Farther Finance Advisors LLC now owns 13,239 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 2,683 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.1%

Shares of Kimco Realty stock opened at $24.18 on Monday. The company has a market capitalization of $16.30 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.35 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31. The company has a fifty day moving average of $22.94 and a 200 day moving average of $21.53. Kimco Realty Corporation has a fifty-two week low of $19.59 and a fifty-two week high of $24.25.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, March 6th. Kimco Realty’s payout ratio is 128.40%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KIM shares. Morgan Stanley raised their price target on Kimco Realty from $23.50 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday. Evercore set a $24.00 target price on Kimco Realty in a report on Friday, February 13th. Barclays reissued an “overweight” rating and issued a $25.00 target price on shares of Kimco Realty in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target 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, UBS Group reduced their price target on shares of Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and a consensus target price of $24.73.

Get Our Latest Stock Analysis on Kimco Realty

Kimco Realty Company Profile

(Free Report)

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.

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