IFM Investors Pty Ltd Acquires Shares of 14,334 Kimco Realty Corporation (NYSE:KIM)

IFM Investors Pty Ltd purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,334 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Profund Advisors LLC increased its holdings in Kimco Realty Corporation by 0.3% in the 1st quarter. Profund Advisors LLC now owns 22,393 shares of the real estate investment trust’s stock valued at $495,000 after purchasing an additional 67 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in Kimco Realty Corporation by 0.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 18,038 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 110 shares during the last quarter. Financial Advisory Service Inc. increased its holdings in Kimco Realty Corporation by 1.0% in the 1st quarter. Financial Advisory Service Inc. now owns 11,200 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 112 shares during the last quarter. Private Asset Management Inc. increased its holdings in Kimco Realty Corporation by 1.8% in the 2nd quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Kimco Realty Corporation by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock valued at $484,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Kimco Realty Corporation (NYSE KIM) opened at 19.18 on Friday. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $30.24. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 39.06 and a beta of 0.67. The stock’s 50 day moving average is $19.97 and its 200-day moving average is $20.01.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The company had revenue of $292.84 million during the quarter, compared to the consensus estimate of $290.95 million. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Kimco Realty Corporation will post $0.70 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 5.63%. Kimco Realty Corporation’s payout ratio is 220.41%.

Several equities analysts have commented on KIM shares. Zacks Investment Research cut shares of Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of Kimco Realty Corporation from a “sell” rating to a “neutral” rating and set a $18.70 price target for the company in a research report on Tuesday, June 20th. Argus cut shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. They noted that the move was a valuation call. Barclays PLC reaffirmed an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Finally, ValuEngine cut shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.03.

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About Kimco Realty Corporation

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.

Institutional Ownership by Quarter for Kimco Realty Corporation (NYSE:KIM)

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