Dupont Capital Management Corp cut its holdings in Kimco Realty Corp (NYSE:KIM) by 97.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,394 shares of the real estate investment trust’s stock after selling 219,708 shares during the quarter. Dupont Capital Management Corp’s holdings in Kimco Realty were worth $134,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Kimco Realty by 1.7% in the second quarter. Vanguard Group Inc. now owns 69,187,786 shares of the real estate investment trust’s stock valued at $1,278,592,000 after purchasing an additional 1,140,383 shares during the last quarter. Invesco Ltd. grew its position in shares of Kimco Realty by 5.0% in the second quarter. Invesco Ltd. now owns 9,925,026 shares of the real estate investment trust’s stock valued at $183,414,000 after purchasing an additional 471,002 shares during the last quarter. Northern Trust Corp grew its position in shares of Kimco Realty by 3.3% in the second quarter. Northern Trust Corp now owns 8,764,985 shares of the real estate investment trust’s stock valued at $161,978,000 after purchasing an additional 280,849 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Kimco Realty by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,072,988 shares of the real estate investment trust’s stock valued at $112,229,000 after purchasing an additional 180,177 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Kimco Realty by 80.5% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 4,841,819 shares of the real estate investment trust’s stock valued at $762,014,000 after purchasing an additional 2,159,780 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
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 shares were sold at an average price of $20.06, for a total transaction of $100,300.00. Following the sale, the director now owns 80,835 shares in the company, valued at $1,621,550.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by company insiders.
Shares of NYSE KIM opened at $20.85 on Friday. Kimco Realty Corp has a 1 year low of $14.29 and a 1 year high of $21.82. The firm’s 50 day moving average price is $20.84 and its 200 day moving average price is $19.08. The firm has a market cap of $8.79 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 3.84 and a beta of 0.57.
Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.22). Kimco Realty had a return on equity of 7.36% and a net margin of 33.95%. The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $281.51 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s revenue was down .1% compared to the same quarter last year. Analysts anticipate that Kimco Realty Corp will post 1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.12 dividend on an annualized basis and a yield of 5.37%. Kimco Realty’s dividend payout ratio (DPR) is currently 77.24%.
Kimco Realty Company Profile
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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