Bleakley Financial Group LLC Has $239,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Bleakley Financial Group LLC decreased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 65.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,292 shares of the real estate investment trust’s stock after selling 19,828 shares during the period. Bleakley Financial Group LLC’s holdings in Kimco Realty were worth $239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Kimco Realty by 613.5% during the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares in the last quarter. UMB Bank n.a. lifted its holdings in Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,787 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Kimco Realty in the 1st quarter valued at $70,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Kimco Realty by 378.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,144 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Truist Financial raised their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group upped their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Mizuho lowered Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.55.

Insider Activity

In related news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total value of $1,096,000.00. Following the completion of the transaction, the chief operating officer now owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Trading Down 0.3 %

Shares of NYSE:KIM opened at $23.96 on Thursday. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 3.95 and a beta of 1.50. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $24.67. The company’s fifty day simple moving average is $23.30 and its 200 day simple moving average is $20.83. The company has a quick ratio of 1.73, a current 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 the consensus estimate of $0.40 by ($0.23). The firm had revenue of $500.20 million during the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. As a group, research analysts forecast that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 4.01%. Kimco Realty’s dividend payout ratio is currently 181.13%.

Kimco Realty 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.