Cadence Capital Management LLC cut its stake in shares of Kimco Realty Corp (NYSE:KIM) by 30.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,255 shares of the real estate investment trust’s stock after selling 10,631 shares during the quarter. Cadence Capital Management LLC’s holdings in Kimco Realty were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in KIM. Penserra Capital Management LLC bought a new stake in Kimco Realty during the third quarter valued at approximately $105,000. Orinda Asset Management LLC bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $182,000. Kelman Lazarov Inc. bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $189,000. Eqis Capital Management Inc. bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $201,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 91.37% of the company’s stock.
Kimco Realty Corp (NYSE KIM) opened at $14.26 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty Corp has a one year low of $13.70 and a one year high of $24.75. The company has a market cap of $6,070.00, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.03 and a beta of 0.46.
In other news, insider Milton Cooper bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were bought at an average cost of $19.20 per share, with a total value of $960,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.
A number of brokerages have recently weighed in on KIM. ValuEngine lowered shares of Kimco Realty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective on shares of Kimco Realty in a report on Thursday, February 1st. Barclays lowered their price objective on shares of Kimco Realty from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. SunTrust Banks set a $18.00 price objective on shares of Kimco Realty and gave the stock a “hold” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.34.
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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.
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