SG Americas Securities LLC cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 18.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,956 shares of the real estate investment trust’s stock after selling 40,372 shares during the quarter. SG Americas Securities LLC’s holdings in Kimco Realty were worth $3,196,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Kimco Realty by 10.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,992,295 shares of the real estate investment trust’s stock worth $36,818,000 after purchasing an additional 185,828 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Kimco Realty by 18.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 397,500 shares of the real estate investment trust’s stock worth $7,346,000 after purchasing an additional 62,300 shares during the period. Atlas Capital Advisors LLC boosted its stake in Kimco Realty by 11.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 16,021 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 1,652 shares during the period. Daiwa Securities Group Inc. boosted its stake in Kimco Realty by 3.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 96,146 shares of the real estate investment trust’s stock worth $1,777,000 after purchasing an additional 2,900 shares during the period. Finally, Convergence Investment Partners LLC bought a new position in Kimco Realty in the 2nd quarter worth about $1,056,000. 87.48% of the stock is owned by hedge funds and other institutional investors.
Shares of KIM opened at $18.90 on Wednesday. The company has a market cap of $7.98 billion, a P/E ratio of 13.03, a PEG ratio of 3.30 and a beta of 0.59. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $18.59. Kimco Realty Corp has a 12-month low of $14.29 and a 12-month high of $19.43.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.16). The firm had revenue of $284.87 million for the quarter, compared to analysts’ expectations of $281.96 million. Kimco Realty had a net margin of 34.08% and a return on equity of 7.23%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. On average, equities research analysts expect that Kimco Realty Corp will post 1.47 EPS for the current year.
In other Kimco Realty news, Director Frank Lourenso sold 3,380 shares of Kimco Realty stock in a transaction on Friday, June 21st. The shares were sold at an average price of $18.84, for a total transaction of $63,679.20. Following the completion of the transaction, the director now directly owns 198,106 shares of the company’s stock, valued at $3,732,317.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.
A number of analysts have recently issued reports on KIM shares. Bank of America upgraded Kimco Realty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Tuesday, June 11th. Citigroup lifted their price target on Kimco Realty from $18.00 to $18.50 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Raymond James downgraded Kimco Realty from an “outperform” rating to a “market perform” rating and set a $18.17 price target for the company. in a research report on Tuesday, May 28th. Zacks Investment Research upgraded Kimco Realty from a “sell” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Wednesday, May 1st. Finally, ValuEngine downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Kimco Realty has an average rating of “Hold” and a consensus price target of $19.17.
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.
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