B&I Capital AG Trims Holdings in Kimco Realty Corporation $KIM

B&I Capital AG reduced its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 398,042 shares of the real estate investment trust’s stock after selling 32,738 shares during the period. Kimco Realty accounts for about 3.0% of B&I Capital AG’s investment portfolio, making the stock its 11th largest holding. B&I Capital AG owned about 0.06% of Kimco Realty worth $8,697,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KIM. Quent Capital LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $27,000. Trust Co. of Toledo NA OH purchased a new position in Kimco Realty during the second quarter valued at $27,000. City Holding Co. purchased a new position in Kimco Realty during the third quarter valued at $30,000. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty in the second quarter worth $37,000. Finally, Lavaca Capital LLC grew its stake in shares of Kimco Realty by 869.5% in the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,739 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.7%

NYSE:KIM opened at $21.06 on Friday. The company has a market cap of $14.26 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $20.46 and a two-hundred day simple moving average of $21.15. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $23.03.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The firm had revenue of $535.86 million for the quarter, compared to analysts’ expectations of $522.31 million. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on KIM. Scotiabank lowered their price target on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a research note on Sunday, December 28th. Truist Financial cut their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Barclays restated an “overweight” rating and issued a $25.00 price objective on shares of Kimco Realty in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.89.

Kimco Realty Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.