Commonwealth Equity Services Inc cut its position in shares of Kimco Realty Corporation (NYSE:KIM) by 15.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,440 shares of the real estate investment trust’s stock after selling 12,413 shares during the period. Commonwealth Equity Services Inc’s holdings in Kimco Realty were worth $1,279,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Kimco Realty by 103.7% in the 2nd quarter. Royal Bank of Canada now owns 126,830 shares of the real estate investment trust’s stock valued at $2,327,000 after acquiring an additional 64,576 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Kimco Realty by 1.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,516,611 shares of the real estate investment trust’s stock valued at $27,830,000 after acquiring an additional 14,883 shares during the period. GAM Holding AG raised its stake in shares of Kimco Realty by 10.2% in the 2nd quarter. GAM Holding AG now owns 81,733 shares of the real estate investment trust’s stock valued at $1,500,000 after acquiring an additional 7,585 shares during the period. Andra AP fonden raised its stake in shares of Kimco Realty by 40.1% in the 2nd quarter. Andra AP fonden now owns 234,600 shares of the real estate investment trust’s stock valued at $4,305,000 after acquiring an additional 67,200 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Kimco Realty by 26.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,289,479 shares of the real estate investment trust’s stock valued at $78,711,000 after acquiring an additional 891,461 shares during the period. 90.55% of the stock is currently owned by institutional investors.
Shares of Kimco Realty Corporation (KIM) traded up $0.02 during mid-day trading on Monday, hitting $18.80. 1,305,400 shares of the company were exchanged, compared to its average volume of 4,392,490. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8,000.00, a PE ratio of 12.45, a P/E/G ratio of 2.18 and a beta of 0.66. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $26.63.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The business had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. equities analysts forecast that Kimco Realty Corporation will post 1.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.96%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s payout ratio is 158.82%.
KIM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $25.00 price target on shares of Kimco Realty in a research note on Friday, August 4th. BidaskClub raised shares of Kimco Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Citigroup Inc. boosted their price target on shares of Kimco Realty from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a research note on Friday, August 18th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.37.
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Kimco Realty 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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