Kimco Realty Corp (NYSE:KIM) Holdings Lowered by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its stake in shares of Kimco Realty Corp (NYSE:KIM) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,344 shares of the real estate investment trust’s stock after selling 4,488 shares during the period. Telos Capital Management Inc.’s holdings in Kimco Realty were worth $681,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KIM. American International Group Inc. lifted its holdings in shares of 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 purchasing an additional 10,407 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Kimco Realty during the first quarter valued at $3,490,000. Sunbelt Securities Inc. raised its position in Kimco Realty by 13.5% during the first quarter. Sunbelt Securities Inc. now owns 10,700 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 1,272 shares during the period. Vert Asset Management LLC raised its position in Kimco Realty by 8.3% during the first quarter. Vert Asset Management LLC now owns 260,475 shares of the real estate investment trust’s stock valued at $5,108,000 after buying an additional 20,027 shares during the period. Finally, Baker Ellis Asset Management LLC raised its position in Kimco Realty by 0.5% during the first quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 680 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimco Realty

In related 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 in the company, valued at $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on KIM shares. JPMorgan Chase & Co. upped their price target on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler reissued an “overweight” rating and set a $29.00 price target (up from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. The Goldman Sachs Group upped their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Truist Financial upped their price target on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Finally, Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Nine equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $23.55.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $24.06 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 45.39, a P/E/G ratio of 3.95 and a beta of 1.50. The business’s 50-day simple moving average is $23.22 and its 200-day simple moving average is $20.77. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $24.67.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. As a group, equities research analysts expect that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 3.99%. Kimco Realty’s payout ratio is 181.13%.

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.