SG Americas Securities LLC Cuts Position in Kimco Realty Corp (NYSE:KIM)

SG Americas Securities LLC reduced its position in Kimco Realty Corp (NYSE:KIM) by 83.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,722 shares of the real estate investment trust’s stock after selling 96,697 shares during the quarter. SG Americas Securities LLC’s holdings in Kimco Realty were worth $439,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in Kimco Realty by 3.4% in the third 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. raised its holdings in Kimco Realty by 2.5% in the 3rd 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 in the last quarter. CWM LLC lifted its holdings in Kimco Realty by 4.7% in 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 period. Truist Financial Corp boosted its position in shares of Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after purchasing an additional 746 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Kimco Realty by 10.2% during the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 783 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group lifted their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Friday, December 20th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Evercore ISI cut their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.97.

Kimco Realty Trading Down 1.0 %

Shares of KIM stock opened at $22.46 on Monday. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 2.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a fifty day moving average price of $23.55 and a 200-day moving average price of $23.33. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The business had revenue of $507.63 million during the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, equities analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

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.