Private Management Group Inc. Has $502,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Private Management Group Inc. trimmed its stake in Kimco Realty Corp (NYSE:KIM) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,425 shares of the real estate investment trust’s stock after selling 7,000 shares during the quarter. Private Management Group Inc.’s holdings in Kimco Realty were worth $502,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KIM. Captrust Financial Advisors lifted its position in shares of Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. CWM LLC lifted its position in shares of Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares in the last quarter. Truist Financial Corp lifted its position in shares of Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after purchasing an additional 746 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Kimco Realty by 10.2% during the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 783 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on KIM. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Friday, December 20th. Evercore ISI lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Mizuho lifted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Robert W. Baird lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Ten equities research 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. Based on data from MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus price target of $24.97.

Kimco Realty Price Performance

KIM opened at $22.42 on Friday. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 40.75, a PEG 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 firm 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 twelve month low of $17.57 and a twelve month high of $25.83.

About Kimco Realty

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.