Kimco Realty (NYSE:KIM) Lowered to Sell at StockNews.com

Kimco Realty (NYSE:KIMGet Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

A number of other research firms also recently commented on KIM. Evercore ISI decreased their price objective on shares of Kimco Realty from $24.00 to $23.00 in a report on Tuesday, September 27th. UBS Group cut their price objective on shares of Kimco Realty from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Mizuho dropped their price target on shares of Kimco Realty from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. Barclays cut their price objective on Kimco Realty to $24.00 in a report on Thursday, October 27th. Finally, Truist Financial cut their price objective on Kimco Realty from $27.00 to $25.00 in a report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.93.

Kimco Realty Stock Up 0.6 %

KIM opened at $22.15 on Monday. The firm has a market capitalization of $13.70 billion, a P/E ratio of 59.86, a P/E/G ratio of 1.58 and a beta of 1.41. The firm’s 50 day moving average is $20.18 and its 200-day moving average is $21.09. Kimco Realty has a 52-week low of $17.71 and a 52-week high of $26.57.

Insider Transactions at Kimco Realty

In related news, insider Realty Corp Kimco sold 11,500,000 shares of Kimco Realty stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $26.18, for a total transaction of $301,070,000.00. Following the completion of the sale, the insider now directly owns 28,338,105 shares of the company’s stock, valued at approximately $741,891,588.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kimco Realty

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in Kimco Realty by 147.5% during the 1st quarter. SG Americas Securities LLC now owns 70,794 shares of the real estate investment trust’s stock worth $1,749,000 after acquiring an additional 42,188 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Kimco Realty by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 82,297 shares of the real estate investment trust’s stock valued at $2,033,000 after buying an additional 907 shares during the last quarter. Metis Global Partners LLC bought a new stake in shares of Kimco Realty in the 1st quarter valued at about $241,000. Arizona State Retirement System lifted its stake in shares of Kimco Realty by 9.5% in the 1st quarter. Arizona State Retirement System now owns 171,588 shares of the real estate investment trust’s stock valued at $4,238,000 after purchasing an additional 14,879 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Kimco Realty in the 1st quarter valued at about $299,000. Institutional investors and hedge funds own 94.16% of the company’s stock.

About Kimco Realty

(Get Rating)

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.

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Analyst Recommendations for Kimco Realty (NYSE:KIM)

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