Linscomb Wealth Inc. Acquires 2,773 Shares of Kimco Realty Corp (NYSE:KIM)

Linscomb Wealth Inc. boosted its holdings in Kimco Realty Corp (NYSE:KIM) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,316 shares of the real estate investment trust’s stock after acquiring an additional 2,773 shares during the quarter. Linscomb Wealth Inc.’s holdings in Kimco Realty were worth $640,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms recently weighed in on KIM. Wells Fargo & Company cut their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank lowered their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird boosted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Trading Up 2.2 %

KIM opened at $22.09 on Friday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a fifty day moving average of $22.42 and a 200-day moving average of $23.37. The stock has a market cap of $15.01 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

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.