Naviter Wealth LLC Sells 2,292 Shares of Kimco Realty Corp (NYSE:KIM)

Naviter Wealth LLC lowered its holdings in Kimco Realty Corp (NYSE:KIM) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,327 shares of the real estate investment trust’s stock after selling 2,292 shares during the period. Naviter Wealth LLC’s holdings in Kimco Realty were worth $960,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American International Group Inc. grew its position in Kimco Realty by 6.3% during the fourth quarter. American International Group Inc. now owns 174,307 shares of the real estate investment trust’s stock valued at $3,714,000 after buying an additional 10,407 shares during the period. CWM LLC grew its position in shares of Kimco Realty by 8.3% during the 1st quarter. CWM LLC now owns 11,255 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 867 shares during the period. Mather Group LLC. purchased a new stake in shares of Kimco Realty during the 1st quarter worth approximately $82,000. Czech National Bank raised its holdings in shares of Kimco Realty by 8.0% in the 1st quarter. Czech National Bank now owns 117,209 shares of the real estate investment trust’s stock worth $2,298,000 after purchasing an additional 8,642 shares during the period. Finally, Gulf International Bank UK Ltd raised its holdings in shares of Kimco Realty by 1.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 52,496 shares of the real estate investment trust’s stock worth $1,029,000 after purchasing an additional 971 shares during the period. Institutional investors own 89.25% of the company’s stock.

Insiders Place Their Bets

In related news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total value of $1,096,000.00. Following the completion of the transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Trading Up 0.5 %

Kimco Realty stock opened at $24.47 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $24.56. The stock has a market cap of $16.50 billion, a P/E ratio of 46.17, a PEG ratio of 3.95 and a beta of 1.50. The firm’s fifty day moving average price is $23.12 and its 200-day moving average price is $20.67.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. Kimco Realty’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. Equities research analysts forecast that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 3.92%. Kimco Realty’s payout ratio is presently 181.13%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KIM shares. Wells Fargo & Company raised their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Compass Point lifted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Robert W. Baird lifted their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, 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 research report on Friday, August 16th. Nine 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty 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.