Bleakley Financial Group LLC Sells 19,828 Shares of Kimco Realty Corp (NYSE:KIM)

Bleakley Financial Group LLC trimmed its position in Kimco Realty Corp (NYSE:KIM) by 65.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,292 shares of the real estate investment trust’s stock after selling 19,828 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kimco Realty were worth $239,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. lifted its position in shares of Kimco Realty by 13.5% in 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 last quarter. Baker Ellis Asset Management LLC boosted 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 worth $2,545,000 after purchasing an additional 680 shares during the period. Trivant Custom Portfolio Group LLC increased its holdings in shares of Kimco Realty by 11.8% in the first quarter. Trivant Custom Portfolio Group LLC now owns 92,769 shares of the real estate investment trust’s stock valued at $1,819,000 after purchasing an additional 9,762 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of Kimco Realty in the first quarter valued at about $656,000. Finally, State of Michigan Retirement System lifted its stake in shares of Kimco Realty by 7.5% during the 1st quarter. State of Michigan Retirement System now owns 182,533 shares of the real estate investment trust’s stock worth $3,579,000 after buying an additional 12,800 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimco Realty

In other 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 transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 0.3 %

Shares of KIM stock opened at $23.96 on Thursday. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $24.67. The stock’s fifty day moving average price is $23.30 and its two-hundred day moving average price is $20.83. 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 company has a market cap of $16.15 billion, a PE ratio of 45.21, a P/E/G ratio of 3.95 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $500.20 million during 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 quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. Equities analysts predict that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.01%. The ex-dividend date was Thursday, September 5th. Kimco Realty’s payout ratio is 181.13%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KIM. The Goldman Sachs Group increased their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Robert W. Baird lifted their price target on Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Argus raised Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Wells Fargo & Company lifted their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, Evercore ISI raised their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.55.

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.