ARS Wealth Advisors Group LLC Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

ARS Wealth Advisors Group LLC trimmed its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 97.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,439 shares of the real estate investment trust's stock after selling 503,275 shares during the quarter. ARS Wealth Advisors Group LLC's holdings in Kimco Realty were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kentucky Retirement Systems increased its position in Kimco Realty by 1.3% in the fourth quarter. Kentucky Retirement Systems now owns 49,597 shares of the real estate investment trust's stock worth $1,057,000 after buying an additional 631 shares during the period. Cascade Investment Advisors Inc. boosted its stake in Kimco Realty by 1.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust's stock valued at $1,110,000 after purchasing an additional 640 shares during the period. Baker Ellis Asset Management LLC boosted its stake in Kimco Realty by 0.5% during the 1st quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust's stock valued at $2,545,000 after purchasing an additional 680 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Kimco Realty by 17.4% during the fourth quarter. Quadrant Capital Group LLC now owns 4,833 shares of the real estate investment trust's stock valued at $103,000 after buying an additional 717 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Kimco Realty by 52.6% in 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. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimco Realty

In related news, COO David Jamieson sold 50,000 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $21.92, for a total value of $1,096,000.00. Following the completion of the sale, the chief operating officer now owns 337,111 shares of the company's stock, valued at approximately $7,389,473.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.20% of the company's stock.

Kimco Realty Trading Up 0.1 %

Shares of Kimco Realty stock traded up $0.02 during trading on Friday, hitting $22.29. The stock had a trading volume of 3,074,133 shares, compared to its average volume of 4,816,335. The stock has a 50 day simple moving average of $20.34 and a 200 day simple moving average of $19.54. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The company has a quick ratio of 1.86, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $15.03 billion, a PE ratio of 42.06, a P/E/G ratio of 4.23 and a beta of 1.51.

Kimco Realty (NYSE:KIM - Get Free Report) last released its 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). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business had revenue of $500.20 million during the quarter, compared to analysts' expectations of $500.87 million. During the same quarter in the previous year, the company earned $0.39 EPS. Kimco Realty's revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts expect that Kimco Realty Corp will post 1.6 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.31%. Kimco Realty's dividend payout ratio (DPR) is presently 181.13%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Truist Financial decreased their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a "hold" rating for the company in a report on Monday, May 20th. JPMorgan Chase & Co. boosted their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Robert W. Baird upped their price objective on Kimco Realty from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Mizuho lowered their target price on Kimco Realty from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 23rd. Finally, Piper Sandler reissued an "overweight" rating and issued a $29.00 price target (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kimco Realty has an average rating of "Moderate Buy" and an average target price of $22.48.

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.