SG Americas Securities LLC Cuts Stock Position in Kimco Realty Corp (NYSE:KIM)

SG Americas Securities LLC lowered its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 83.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,722 shares of the real estate investment trust's stock after selling 96,697 shares during the quarter. SG Americas Securities LLC's holdings in Kimco Realty were worth $439,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KIM. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty during the third quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the 3rd quarter worth $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty in the 3rd quarter worth about $37,000. Quarry LP acquired a new stake in Kimco Realty in the 3rd quarter valued at about $51,000. Finally, Castleview Partners LLC purchased a new position in Kimco Realty during the 3rd quarter valued at about $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KIM has been the topic of several recent research reports. Scotiabank upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. UBS Group increased their target price on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 8th. 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. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and decreased their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company cut their target price on shares of 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. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.97.

Kimco Realty Trading Up 0.2 %

Shares of NYSE KIM traded up $0.05 during trading on Thursday, hitting $22.42. 4,156,684 shares of the company traded hands, compared to its average volume of 4,480,498. The firm has a market capitalization of $15.11 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.91 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $23.35 and a 200-day moving average price of $23.34. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83.

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.