Twin Capital Management Inc. Sells 67,335 Shares of Kimco Realty Corporation $KIM

Twin Capital Management Inc. lessened its stake in Kimco Realty Corporation (NYSE:KIM) by 37.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,676 shares of the real estate investment trust’s stock after selling 67,335 shares during the period. Twin Capital Management Inc.’s holdings in Kimco Realty were worth $2,484,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in Kimco Realty in the 2nd quarter worth approximately $27,000. Quent Capital LLC purchased a new stake in shares of Kimco Realty during the third quarter valued at approximately $27,000. City Holding Co. bought a new position in shares of Kimco Realty in the third quarter worth approximately $30,000. CYBER HORNET ETFs LLC purchased a new position in shares of Kimco Realty in the second quarter worth $37,000. Finally, Lavaca Capital LLC increased 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 buying an additional 1,739 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays reissued an “overweight” rating and issued a $25.00 price target on shares of Kimco Realty in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research note on Thursday, January 22nd. Morgan Stanley set a $23.50 price target on Kimco Realty in a research report on Monday, January 5th. Citigroup dropped their price objective on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, Mizuho set a $21.00 target price on Kimco Realty in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $23.89.

Kimco Realty Stock Up 0.8%

KIM stock opened at $21.86 on Friday. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $23.03. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. The business’s 50 day moving average price is $20.53 and its two-hundred day moving average price is $21.15. 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 Company 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.