Kimco Realty Corp (NYSE:KIM) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY decreased its position in Kimco Realty Corp (NYSE:KIM) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 340,394 shares of the real estate investment trust’s stock after selling 7,584 shares during the quarter. Kimco Realty comprises about 1.4% of Grace & White Inc. NY’s holdings, making the stock its 23rd largest position. Grace & White Inc. NY’s holdings in Kimco Realty were worth $7,904,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KIM. Blue Trust Inc. grew its holdings in shares of Kimco Realty by 613.5% during the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares during the period. Castleview Partners LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter worth about $77,000. UMB Bank n.a. grew its holdings in shares of Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,787 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Kimco Realty during the 1st quarter worth about $70,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insiders Place Their Bets

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $21.92, for a total value of $1,096,000.00. Following the sale, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at $7,389,473.12. This trade 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 available at this link. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Stock Performance

KIM stock opened at $24.06 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72. The firm has a market cap of $16.22 billion, a P/E ratio of 45.39, a P/E/G ratio of 3.95 and a beta of 1.50. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $24.67. The stock’s 50 day simple moving average is $23.22 and its 200 day simple moving average is $20.77.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). The firm 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 earnings per share. As a group, equities research analysts predict that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Announces Dividend

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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s dividend payout ratio is presently 181.13%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a 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 stock a “neutral” rating in a report on Thursday, September 12th. Mizuho cut Kimco Realty from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $23.00 in a report on Monday, August 19th. Finally, Scotiabank upped their price target on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. 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 company. According to MarketBeat.com, Kimco Realty 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.