SG Americas Securities LLC Has $439,000 Stock Position in Kimco Realty Corp (NYSE:KIM)

SG Americas Securities LLC cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 83.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,722 shares of the real estate investment trust’s stock after selling 96,697 shares during the period. SG Americas Securities LLC’s holdings in Kimco Realty were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Kimco Realty during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty in the third quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty during the 3rd quarter worth approximately $37,000. Quarry LP acquired a new position in shares of Kimco Realty during the 3rd quarter worth approximately $51,000. Finally, Castleview Partners LLC acquired a new stake in Kimco Realty during the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE KIM opened at $22.46 on Monday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The company has a market cap of $15.14 billion, a P/E ratio of 40.83, a PEG ratio of 2.90 and a beta of 1.51. The company has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $23.33. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KIM shares. UBS Group upped their price target on shares of 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 cut their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Scotiabank boosted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Mizuho boosted their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird raised 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. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and a consensus price target of $24.97.

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.