Linscomb Wealth Inc. Has $640,000 Stake in Kimco Realty Corp (NYSE:KIM)

Linscomb Wealth Inc. increased its stake in Kimco Realty Corp (NYSE:KIM) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,316 shares of the real estate investment trust’s stock after purchasing an additional 2,773 shares during the period. Linscomb Wealth Inc.’s holdings in Kimco Realty were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in shares of 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 holdings in Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 565 shares during the period. Savant Capital LLC increased its position in Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 611 shares during the last quarter. Ieq Capital LLC increased its position in Kimco Realty by 5.4% during the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 853 shares during the last quarter. Finally, Values First Advisors Inc. raised its stake in Kimco Realty by 3.6% in the fourth quarter. Values First Advisors Inc. now owns 27,091 shares of the real estate investment trust’s stock valued at $635,000 after buying an additional 942 shares during the period. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of recent analyst reports. Scotiabank decreased their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday. UBS Group upped their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Evercore ISI cut 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. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty Price Performance

Kimco Realty stock opened at $22.09 on Friday. The firm 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 debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock’s fifty day moving average price is $22.42 and its two-hundred day moving average price is $23.37. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. As a group, research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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

Kimco Realty Company 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.