Stephens Inc. AR Lowers Stake in Kimco Realty Corp (NYSE:KIM)

Stephens Inc. AR lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 83.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,152 shares of the real estate investment trust’s stock after selling 79,124 shares during the period. Stephens Inc. AR’s holdings in Kimco Realty were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KIM. 6 Meridian increased its position in shares of Kimco Realty by 1.9% during the second quarter. 6 Meridian now owns 29,403 shares of the real estate investment trust’s stock worth $543,000 after purchasing an additional 555 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Kimco Realty by 0.3% during the first quarter. SG Americas Securities LLC now owns 213,328 shares of the real estate investment trust’s stock worth $3,947,000 after purchasing an additional 585 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Kimco Realty by 0.3% during the second quarter. Retirement Systems of Alabama now owns 196,819 shares of the real estate investment trust’s stock worth $3,637,000 after purchasing an additional 599 shares in the last quarter. World Asset Management Inc increased its position in shares of Kimco Realty by 1.9% during the second quarter. World Asset Management Inc now owns 33,073 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 619 shares in the last quarter. Finally, Telos Capital Management Inc. increased its position in shares of Kimco Realty by 2.5% during the second quarter. Telos Capital Management Inc. now owns 25,379 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 86.41% of the company’s stock.

NYSE KIM opened at $18.15 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.96 and a quick ratio of 1.96. The stock’s fifty day moving average price is $18.64 and its 200 day moving average price is $18.15. Kimco Realty Corp has a 1 year low of $14.29 and a 1 year high of $19.43. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 3.24 and a beta of 0.59.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.16). Kimco Realty had a net margin of 34.08% and a return on equity of 7.23%. The firm had revenue of $284.87 million during the quarter, compared to analyst estimates of $281.96 million. During the same period in the previous year, the company earned $0.37 earnings per share. Kimco Realty’s revenue was down 2.9% on a year-over-year basis. Research analysts expect that Kimco Realty Corp will post 1.46 earnings per share for the current year.

In related news, Director Frank Lourenso sold 3,380 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $18.84, for a total value of $63,679.20. Following the transaction, the director now directly owns 198,106 shares of the company’s stock, valued at approximately $3,732,317.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on KIM shares. Compass Point started coverage on Kimco Realty in a research report on Thursday, August 15th. They set a “neutral” rating and a $19.00 price target on the stock. ValuEngine downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Kimco Realty from a “sell” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, May 1st. Citigroup upped their price target on Kimco Realty from $18.00 to $18.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Raymond James downgraded Kimco Realty from an “outperform” rating to a “market perform” rating and set a $18.17 price target on the stock. in a research report on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Kimco Realty presently has a consensus rating of “Hold” and a consensus target price of $19.11.

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.

Further Reading: Holder of Record

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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