GeoWealth Management LLC Purchases 6,250 Shares of Kimco Realty Corp (NYSE:KIM)

by · The Cerbat Gem

GeoWealth Management LLC grew its position in shares of Kimco Realty Corp (NYSE:KIM – Free Report) by 21.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,552 shares of the real estate investment trust’s stock after acquiring an additional 6,250 shares during the quarter. GeoWealth Management LLC’s holdings in Kimco Realty were worth $833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Securities Group LLC bought a new position in Kimco Realty during the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 575 shares during the last quarter. Headlands Technologies LLC purchased a new position in Kimco Realty in the fourth quarter worth about $45,000. Finally, Catalyst Capital Advisors LLC increased its stake in Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,104 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $20.58 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm has a market cap of $13.98 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The firm’s 50 day simple moving average is $20.94 and its 200-day simple moving average is $22.73. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83.

Kimco Realty (NYSE:KIM – Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities analysts predict that Kimco Realty Corp will post 1.71 EPS for the current 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Analysts Set New Price Targets

KIM has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Finally, Wells Fargo & Company cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $24.75.

Check Out Our Latest Stock Report on KIM

About Kimco Realty

(Free Report)

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.

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