Twin Capital Management Inc. reduced its holdings in Kimco Realty Corp (NYSE:KIM) by 26.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,580 shares of the real estate investment trust’s stock after selling 160,370 shares during the quarter. Twin Capital Management Inc.’s holdings in Kimco Realty were worth $8,179,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of KIM. Anchor Capital Advisors LLC boosted its stake in shares of Kimco Realty by 13.3% during the 2nd quarter. Anchor Capital Advisors LLC now owns 21,707 shares of the real estate investment trust’s stock worth $401,000 after acquiring an additional 2,550 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Kimco Realty by 41.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,051 shares of the real estate investment trust’s stock worth $636,000 after acquiring an additional 9,651 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Kimco Realty in the second quarter worth $193,000. Advisor Group Inc. boosted its position in shares of Kimco Realty by 1.4% in the second quarter. Advisor Group Inc. now owns 233,915 shares of the real estate investment trust’s stock worth $4,324,000 after buying an additional 3,292 shares during the period. Finally, Aperio Group LLC boosted its position in shares of Kimco Realty by 9.5% in the second quarter. Aperio Group LLC now owns 333,674 shares of the real estate investment trust’s stock worth $6,167,000 after buying an additional 28,912 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.
Shares of Kimco Realty stock traded up $0.18 during midday trading on Thursday, hitting $18.59. The company’s stock had a trading volume of 85,940 shares, compared to its average volume of 3,772,823. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 3.31 and a beta of 0.59. The company’s 50-day simple moving average is $18.59. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.96 and a quick ratio of 1.96. Kimco Realty Corp has a 1-year low of $14.29 and a 1-year high of $19.43.
In related news, Director Frank Lourenso sold 3,380 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $18.84, for a total transaction of $63,679.20. Following the completion of the sale, the director now directly owns 198,106 shares in the company, valued at $3,732,317.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Several analysts have recently commented on the company. Bank of America raised Kimco Realty from a “neutral” rating to a “buy” rating and raised their target price for the stock from $19.00 to $21.00 in a research report on Tuesday, June 11th. Zacks Investment Research raised Kimco Realty from a “sell” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, May 1st. Citigroup raised their target price on Kimco Realty from $18.00 to $18.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. ValuEngine cut Kimco Realty from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Compass Point assumed coverage on Kimco Realty in a research report on Thursday. They issued a “neutral” rating and a $19.00 target price for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.13.
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.
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