SG Americas Securities LLC Has $2.68 Million Holdings in Kimco Realty Corp (NYSE:KIM)

SG Americas Securities LLC decreased its holdings in Kimco Realty Corp (NYSE:KIM) by 49.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,419 shares of the real estate investment trust’s stock after selling 114,265 shares during the quarter. SG Americas Securities LLC’s holdings in Kimco Realty were worth $2,680,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KIM. The Manufacturers Life Insurance Company boosted its position in shares of Kimco Realty by 6.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 598,475 shares of the real estate investment trust’s stock worth $12,754,000 after purchasing an additional 36,937 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of Kimco Realty by 20.1% during the 4th quarter. Rafferty Asset Management LLC now owns 83,151 shares of the real estate investment trust’s stock worth $1,772,000 after purchasing an additional 13,898 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Kimco Realty by 131.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 81,755 shares of the real estate investment trust’s stock valued at $1,742,000 after buying an additional 46,416 shares in the last quarter. Prudential PLC grew its position in shares of Kimco Realty by 21.7% during the 4th quarter. Prudential PLC now owns 44,287 shares of the real estate investment trust’s stock valued at $944,000 after purchasing an additional 7,889 shares in the last quarter. Finally, Waterloo Capital L.P. purchased a new position in shares of Kimco Realty during the 4th quarter valued at $236,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.1 %

Kimco Realty stock opened at $22.92 on Tuesday. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 4.03 and a beta of 1.50. The stock has a fifty day simple moving average of $22.83 and a two-hundred day simple moving average of $20.44. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $24.25. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The firm had revenue of $500.20 million during the quarter, compared to analysts’ expectations of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Equities analysts predict that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.19%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $29.00 price objective (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Argus upgraded Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Mizuho cut Kimco Realty from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $20.00 to $23.00 in a report on Monday, August 19th. The Goldman Sachs Group increased their target price on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Truist Financial increased their target price on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.55.

Insider Activity at Kimco Realty

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the sale, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at $7,389,473.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

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.