Landscape Capital Management L.L.C. Sells 125,794 Shares of Kimco Realty Corporation $KIM

Landscape Capital Management L.L.C. reduced its stake in Kimco Realty Corporation (NYSE:KIM) by 58.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,445 shares of the real estate investment trust’s stock after selling 125,794 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kimco Realty were worth $1,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT increased its stake in Kimco Realty by 270.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,437 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,049 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in Kimco Realty by 127.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 840 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty in the second quarter valued at $37,000. MUFG Securities EMEA plc bought a new stake in Kimco Realty in the second quarter valued at $42,000. Finally, Clearstead Advisors LLC increased its stake in Kimco Realty by 92.5% in the fourth quarter. Clearstead Advisors LLC now owns 2,426 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,166 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Down 2.1%

NYSE:KIM opened at $25.36 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.78 and a quick ratio of 3.78. The firm has a 50-day moving average of $23.82 and a 200-day moving average of $22.34. The company has a market cap of $17.10 billion, a PE ratio of 29.48, a PEG ratio of 2.97 and a beta of 0.96. Kimco Realty Corporation has a one year low of $19.76 and a one year high of $26.08.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $558.02 million during the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, equities research analysts expect that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimco Realty’s dividend payout ratio is presently 120.93%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Weiss Ratings raised shares of Kimco Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Scotiabank lifted their price target on shares of Kimco Realty from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Piper Sandler lifted their price target on shares of Kimco Realty from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.33.

About Kimco Realty

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.