Lecap Asset Management Ltd. Sells 31,821 Shares of Kimco Realty Corp (NYSE:KIM)

Lecap Asset Management Ltd. lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 47.8% in the fourth quarter, HoldingsChannel reports. The fund owned 34,696 shares of the real estate investment trust’s stock after selling 31,821 shares during the period. Lecap Asset Management Ltd.’s holdings in Kimco Realty were worth $813,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Captrust Financial Advisors raised its holdings in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 482 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 565 shares during the period. CWM LLC raised its stake in shares of Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 595 shares during the last quarter. Truist Financial Corp lifted its holdings in Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the period. Finally, Signaturefd LLC boosted its stake in Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 783 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE:KIM opened at $22.37 on Friday. The stock has a market capitalization of $15.08 billion, a PE ratio of 40.68, a P/E/G ratio of 2.91 and a beta of 1.50. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The firm has a fifty day simple moving average of $23.28 and a 200 day simple moving average of $23.33. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, research analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on KIM. UBS Group upped their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Evercore ISI lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Finally, Scotiabank lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.97.

About Kimco Realty

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.