Telos Capital Management Inc. Reduces Stock Position in Kimco Realty Corp (NYSE:KIM)

Telos Capital Management Inc. lessened its stake in shares of Kimco Realty Corp (NYSE:KIM) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,344 shares of the real estate investment trust’s stock after selling 4,488 shares during the quarter. Telos Capital Management Inc.’s holdings in Kimco Realty were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its holdings in Kimco Realty by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 522 shares during the period. CWM LLC lifted its stake in shares of Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares in the last quarter. Cascade Investment Advisors Inc. lifted its stake in shares of Kimco Realty by 1.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 640 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Kimco Realty by 5.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 663 shares in the last quarter. Finally, Baker Ellis Asset Management LLC lifted its stake in shares of Kimco Realty by 0.5% in the 1st quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock valued at $2,545,000 after purchasing an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Insider Activity

In other news, COO David Jamieson sold 50,000 shares of the company’s 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 completion of the sale, the chief operating officer now owns 337,111 shares in the company, valued at $7,389,473.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

KIM has been the topic of several research analyst reports. Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Robert W. Baird upped their target price on Kimco Realty from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Mizuho downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $23.00 in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Argus upgraded Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.55.

Kimco Realty Trading Down 2.3 %

NYSE:KIM opened at $24.06 on Tuesday. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $24.67. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 3.95 and a beta of 1.50. The business has a fifty day moving average of $23.22 and a 200-day moving average of $20.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73.

Kimco Realty (NYSE:KIM) last released 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 business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. Equities analysts predict that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.24 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 3.99%. Kimco Realty’s dividend payout ratio (DPR) is 181.13%.

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.