Private Management Group Inc. Trims Stock Position in Kimco Realty Corp (NYSE:KIM)

Private Management Group Inc. lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,425 shares of the real estate investment trust’s stock after selling 7,000 shares during the period. Private Management Group Inc.’s holdings in Kimco Realty were worth $502,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KIM. Truist Financial Corp grew its stake in 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 acquiring an additional 746 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Kimco Realty during the second quarter valued at approximately $274,000. Park Avenue Securities LLC bought a new stake in Kimco Realty during the third quarter valued at approximately $228,000. Czech National Bank lifted its position in Kimco Realty by 8.0% during the third quarter. Czech National Bank now owns 137,323 shares of the real estate investment trust’s stock valued at $3,189,000 after purchasing an additional 10,149 shares during the last quarter. Finally, Atomi Financial Group Inc. bought a new stake in Kimco Realty during the third quarter valued at approximately $328,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.2 %

NYSE:KIM opened at $22.42 on Friday. The company has a fifty day moving average of $23.35 and a 200 day moving average of $23.34. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. 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 market capitalization of $15.11 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.91 and a beta of 1.50.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KIM. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. UBS Group lifted their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Friday, December 20th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.97.

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.