Livforsakringsbolaget Skandia Omsesidigt Decreases Stake in Kimco Realty Corp (NYSE:KIM)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in Kimco Realty Corp (NYSE:KIM) by 23.7% in the fourth quarter, Holdings Channel reports. The fund owned 3,855 shares of the real estate investment trust’s stock after selling 1,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Kimco Realty were worth $90,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of KIM. Catalyst Capital Advisors LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Kimco Realty during the 3rd quarter worth $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the 3rd quarter valued at about $37,000. Quarry LP purchased a new stake in shares of Kimco Realty in the third quarter valued at about $51,000. Finally, Castleview Partners LLC acquired a new stake in Kimco Realty during the third quarter worth about $77,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.2 %

Shares of NYSE KIM opened at $22.37 on Friday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The stock has a market cap of $15.08 billion, a P/E ratio of 40.68, a PEG ratio of 2.91 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $23.33.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. As a group, equities analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

KIM has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Friday, December 20th. Scotiabank upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, Mizuho boosted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.97.

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.