American International Group Inc. cut its stake in Kimco Realty Corp (NYSE:KIM) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,910 shares of the real estate investment trust’s stock after selling 15,882 shares during the period. American International Group Inc.’s holdings in Kimco Realty were worth $2,481,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KIM. Penserra Capital Management LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $105,000. Pacer Advisors Inc. grew its position in shares of Kimco Realty by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 790 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $201,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $203,000. Finally, Carnegie Capital Asset Management LLC acquired a new stake in shares of Kimco Realty in the second quarter valued at approximately $204,000. 92.22% of the stock is owned by institutional investors.

In other Kimco Realty news, insider Milton Cooper bought 50,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of $19.20 per share, with a total value of $960,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Several analysts have recently commented on KIM shares. Citigroup increased their price target on shares of Kimco Realty from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty in a research report on Friday, August 18th. BidaskClub lowered shares of Kimco Realty from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Argus lowered shares of Kimco Realty from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, BMO Capital Markets initiated coverage on shares of Kimco Realty in a research report on Monday, September 11th. They issued a “market perform” rating and a $21.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.02.

Shares of Kimco Realty Corp (NYSE KIM) traded up $0.14 on Friday, hitting $18.29. 2,140,000 shares of the company’s stock were exchanged, compared to its average volume of 4,056,643. The firm has a market cap of $7,785.19, a price-to-earnings ratio of 12.11, a PEG ratio of 2.18 and a beta of 0.65. Kimco Realty Corp has a 52 week low of $17.02 and a 52 week high of $26.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08.

Kimco Realty (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The business had revenue of $290.92 million during the quarter, compared to analysts’ expectations of $295.34 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that Kimco Realty Corp will post 1.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Friday, December 29th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio (DPR) is currently 125.58%.

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Kimco Realty Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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

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