Twin Capital Management Inc. lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 406,960 shares of the real estate investment trust’s stock after selling 35,620 shares during the quarter. Twin Capital Management Inc. owned 0.10% of Kimco Realty worth $8,497,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Atlas Capital Advisors LLC grew its stake in Kimco Realty by 11.5% during the 2nd quarter. Atlas Capital Advisors LLC now owns 16,021 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 1,652 shares in the last quarter. Achmea Investment Management B.V. acquired a new position in shares of Kimco Realty in the 2nd quarter worth approximately $617,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Kimco Realty in the 2nd quarter worth approximately $5,048,000. O Keefe Stevens Advisory Inc. grew its position in shares of Kimco Realty by 0.6% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 345,212 shares of the real estate investment trust’s stock worth $7,208,000 after acquiring an additional 1,954 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Kimco Realty by 159.4% in the 2nd quarter. Bank of Montreal Can now owns 409,852 shares of the real estate investment trust’s stock worth $7,574,000 after acquiring an additional 251,841 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Several research analysts have recently commented on the company. Capital One Financial lowered Kimco Realty from an “overweight” rating to an “equal weight” rating and set a $21.00 target price for the company. in a research report on Wednesday, October 23rd. ValuEngine lowered Kimco Realty from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 5th. Compass Point lowered Kimco Realty from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $19.00 to $17.75 in a research report on Wednesday, September 4th. TheStreet upgraded Kimco Realty from a “c+” rating to a “b-” rating in a research report on Thursday, September 26th. Finally, Morgan Stanley lifted their target price on Kimco Realty from $14.50 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Kimco Realty currently has a consensus rating of “Hold” and a consensus price target of $18.80.
In related news, Director Richard B. Saltzman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $20.06, for a total value of $100,300.00. Following the sale, the director now owns 80,835 shares of the company’s stock, valued at approximately $1,621,550.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
Shares of NYSE KIM traded down $0.18 during mid-day trading on Monday, hitting $20.97. The company had a trading volume of 231,537 shares, compared to its average volume of 3,628,187. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 3.81 and a beta of 0.59. Kimco Realty Corp has a 12 month low of $14.29 and a 12 month high of $21.48. The firm’s 50 day simple moving average is $20.42 and its two-hundred day simple moving average is $18.84.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.22). The company had revenue of $282.90 million during the quarter, compared to the consensus estimate of $281.51 million. Kimco Realty had a return on equity of 7.36% and a net margin of 33.95%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Equities analysts anticipate that Kimco Realty Corp will post 1.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Kimco Realty’s dividend payout ratio (DPR) is 77.24%.
About Kimco Realty
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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