SG Americas Securities LLC Sells 114,265 Shares of Kimco Realty Corp (NYSE:KIM)

SG Americas Securities LLC cut its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 49.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KIM. Vanguard Group Inc. grew its stake in Kimco Realty by 7.7% during the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust's stock worth $2,162,347,000 after buying an additional 7,931,013 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Kimco Realty by 7.3% during the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust's stock worth $941,817,000 after purchasing an additional 3,022,995 shares during the last quarter. APG Asset Management US Inc. boosted its holdings in shares of Kimco Realty by 1.6% in the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust's stock valued at $288,155,000 after purchasing an additional 240,000 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Kimco Realty by 76.8% in the 1st quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust's stock valued at $269,531,000 after purchasing an additional 6,282,891 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock valued at $221,740,000 after purchasing an additional 1,193,600 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Insider Activity

In other news, COO David Jamieson sold 50,000 shares of the stock in a transaction that occurred on 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 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.06 during trading on Tuesday, hitting $22.86. 2,639,839 shares of the stock traded hands, compared to its average volume of 4,661,303. The firm's fifty day moving average is $22.85 and its 200-day moving average is $20.47. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 4.03 and a beta of 1.50. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $24.25. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business had revenue of $500.20 million for the quarter, compared to analysts' expectations of $500.87 million. During the same period last year, the business posted $0.39 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. Research analysts expect that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.24 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 4.20%. Kimco Realty's dividend payout ratio is currently 181.13%.

Analyst Ratings Changes

KIM has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Robert W. Baird raised their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Mizuho lowered Kimco Realty from an "outperform" rating to a "neutral" rating and lifted their target price for the company from $20.00 to $23.00 in a report on Monday, August 19th. Raymond James raised shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target on the stock in a report on Friday, August 16th. Finally, Scotiabank upped their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average target price of $23.55.

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.