GC Wealth Management RIA LLC Has $326,000 Holdings in Kimco Realty Corp (NYSE:KIM)

GC Wealth Management RIA LLC grew its holdings in Kimco Realty Corp (NYSE:KIM) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,914 shares of the real estate investment trust’s stock after purchasing an additional 1,252 shares during the period. GC Wealth Management RIA LLC’s holdings in Kimco Realty were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Catalytic Wealth RIA LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $294,000. Apollon Wealth Management LLC boosted its position in shares of Kimco Realty by 18.5% in the third quarter. Apollon Wealth Management LLC now owns 14,887 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 2,325 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Kimco Realty in the third quarter valued at about $302,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Kimco Realty by 0.7% in the third 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 acquiring an additional 25,317 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Kimco Realty by 48.8% during the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock worth $19,422,000 after purchasing an additional 274,295 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of KIM opened at $20.66 on Wednesday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The business’s fifty day moving average is $22.14 and its 200 day moving average is $23.33. 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 stock has a market cap of $14.03 billion, a P/E ratio of 36.88, a P/E/G ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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%. Sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of research reports. Scotiabank dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Mizuho lowered their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their target price on shares of 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. Robert W. Baird increased their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Evercore ISI decreased 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 report on Tuesday, December 24th. Ten 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.43.

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.