Arrow Investment Advisors LLC lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,944 shares of the real estate investment trust’s stock after selling 1,790 shares during the quarter. Arrow Investment Advisors LLC’s holdings in Kimco Realty were worth $416,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KIM. SG Americas Securities LLC raised its stake in shares of Kimco Realty by 32.3% during the 3rd quarter. SG Americas Securities LLC now owns 228,850 shares of the real estate investment trust’s stock worth $4,778,000 after purchasing an additional 55,894 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Kimco Realty by 8.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 103,916 shares of the real estate investment trust’s stock valued at $2,170,000 after acquiring an additional 7,770 shares during the period. Creative Planning bought a new stake in Kimco Realty in the 3rd quarter valued at $444,000. Mackay Shields LLC raised its stake in Kimco Realty by 78.0% in the 3rd quarter. Mackay Shields LLC now owns 139,636 shares of the real estate investment trust’s stock valued at $2,915,000 after acquiring an additional 61,196 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Kimco Realty by 36.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 43,208 shares of the real estate investment trust’s stock valued at $902,000 after acquiring an additional 11,501 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.

KIM stock opened at $20.85 on Friday. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 3.84 and a beta of 0.57. The business’s fifty day moving average price is $20.84 and its two-hundred day moving average price is $19.08. Kimco Realty Corp has a fifty-two week low of $14.29 and a fifty-two week high of $21.82.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.22). The firm had revenue of $282.90 million for the quarter, compared to the consensus estimate of $281.51 million. Kimco Realty had a return on equity of 7.36% and a net margin of 33.95%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Equities research analysts expect that Kimco Realty Corp will post 1.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.37%. The ex-dividend date is Tuesday, December 31st. Kimco Realty’s payout ratio is 77.24%.

KIM has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Kimco Realty from $14.50 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, September 3rd. Capital One Financial cut Kimco Realty from an “overweight” rating to an “equal weight” rating and set a $21.00 price target on the stock. in a research note on Wednesday, October 23rd. Compass Point cut Kimco Realty from a “neutral” rating to a “sell” rating and dropped their price target for the company from $19.00 to $17.75 in a research note on Wednesday, September 4th. Citigroup increased their price target on Kimco Realty from $18.00 to $18.50 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, ValuEngine upgraded Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Kimco Realty has a consensus rating of “Hold” and a consensus price target of $18.80.

In other Kimco Realty news, Director Richard B. Saltzman sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $20.06, for a total transaction of $100,300.00. Following the transaction, the director now owns 80,835 shares in the company, valued at approximately $1,621,550.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by company insiders.

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

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