GC Wealth Management RIA LLC Buys 1,252 Shares of Kimco Realty Corp (NYSE:KIM)

GC Wealth Management RIA LLC raised its stake in shares of Kimco Realty Corp (NYSE:KIM) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,914 shares of the real estate investment trust’s stock after acquiring an additional 1,252 shares during the period. GC Wealth Management RIA LLC’s holdings in Kimco Realty were worth $326,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KIM. Catalytic Wealth RIA LLC bought a new position in Kimco Realty during the 3rd quarter valued at $294,000. Apollon Wealth Management LLC increased its position in shares of Kimco Realty by 18.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 14,887 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 2,325 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $302,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Kimco Realty by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,786,626 shares of the real estate investment trust’s stock valued at $87,925,000 after purchasing an additional 25,317 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Kimco Realty by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock valued at $19,422,000 after purchasing an additional 274,295 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Scotiabank decreased their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Finally, Evercore ISI decreased their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.43.

Kimco Realty Stock Down 2.9 %

KIM stock opened at $20.66 on Wednesday. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $14.03 billion, a PE ratio of 36.88, a PEG ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a 50-day simple moving average of $22.14 and a two-hundred day simple moving average of $23.33.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting 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, equities analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. 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.