SG Americas Securities LLC grew its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 23.2% during the 2nd quarter, Holdings Channel reports. The firm owned 315,142 shares of the real estate investment trust’s stock after buying an additional 59,333 shares during the period. SG Americas Securities LLC’s holdings in Kimco Realty were worth $5,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Algebris UK Ltd bought a new stake in Kimco Realty during the first quarter valued at $8,045,000. Greenwich Wealth Management LLC boosted its position in Kimco Realty by 33.8% during the first quarter. Greenwich Wealth Management LLC now owns 49,973 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,618 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Kimco Realty by 17.0% during the first quarter. Daiwa Securities Group Inc. now owns 87,376 shares of the real estate investment trust’s stock valued at $1,258,000 after acquiring an additional 12,700 shares during the last quarter. Rhumbline Advisers boosted its position in Kimco Realty by 1.6% during the first quarter. Rhumbline Advisers now owns 840,631 shares of the real estate investment trust’s stock valued at $12,105,000 after acquiring an additional 13,453 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Kimco Realty by 22.2% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 113,102 shares of the real estate investment trust’s stock valued at $1,636,000 after acquiring an additional 20,517 shares during the last quarter. 88.02% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on KIM shares. BMO Capital Markets reissued a “hold” rating and set a $19.00 price objective on shares of Kimco Realty in a research report on Thursday, April 26th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a research report on Friday, April 27th. ValuEngine cut shares of Kimco Realty from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. Finally, JPMorgan Chase & Co. upgraded shares of Kimco Realty from a “neutral” rating to an “overweight” rating in a report on Friday, June 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.15.

In related news, Director Philip E. Coviello, Jr. purchased 5,500 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was bought at an average price of $16.46 per share, for a total transaction of $90,530.00. Following the purchase, the director now directly owns 52,965 shares in the company, valued at approximately $871,803.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

Shares of KIM stock opened at $16.99 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.92. Kimco Realty Corp has a 12-month low of $13.16 and a 12-month high of $20.63. The company has a market cap of $6.86 billion, a PE ratio of 10.96, a P/E/G ratio of 3.21 and a beta of 0.46.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Kimco Realty had a net margin of 42.68% and a return on equity of 9.40%. The company had revenue of $293.40 million during the quarter, compared to analyst estimates of $291.04 million. During the same quarter last year, the business posted $0.38 EPS. Kimco Realty’s quarterly revenue was down 1.3% compared to the same quarter last year. equities analysts forecast that Kimco Realty Corp will post 1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, October 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, October 1st. This represents a $1.12 annualized dividend and a dividend yield of 6.59%. Kimco Realty’s payout ratio is currently 72.26%.

About Kimco Realty

Kimco Realty Corp. (NYSE: KIM) 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 March 31, 2018, the company owned interests in 475 U.S. shopping centers comprising 81 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

See Also: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM).

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

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.