Strs Ohio Trims Holdings in Kimco Realty Corporation $KIM

Strs Ohio trimmed its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 95.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,978 shares of the real estate investment trust’s stock after selling 355,324 shares during the quarter. Strs Ohio’s holdings in Kimco Realty were worth $349,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of Kimco Realty during the third quarter valued at about $27,000. Trust Co. of Toledo NA OH bought a new position in shares of Kimco Realty in the second quarter valued at approximately $27,000. City Holding Co. purchased a new position in Kimco Realty during the third quarter valued at approximately $30,000. CYBER HORNET ETFs LLC bought a new stake in Kimco Realty during the 2nd quarter worth approximately $37,000. Finally, Lavaca Capital LLC lifted its stake in Kimco Realty by 869.5% in the 2nd quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,739 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

KIM has been the subject of a number of recent analyst reports. Morgan Stanley set a $23.50 price target on shares of Kimco Realty in a research report on Monday, January 5th. Wells Fargo & Company dropped their price objective on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday, December 15th. Mizuho set a $21.00 target price on Kimco Realty in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a report on Thursday, January 22nd. Finally, UBS Group dropped their price target on Kimco Realty from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus price target of $23.89.

Kimco Realty Stock Up 1.7%

Shares of NYSE:KIM opened at $21.06 on Monday. The firm has a market capitalization of $14.26 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.03. The firm has a fifty day moving average of $20.46 and a 200 day moving average of $21.15.

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 analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The business had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

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.