Zurich Insurance Group Ltd FI increased its position in Kimco Realty Corporation (NYSE:KIM) by 20.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 91,448 shares of the real estate investment trust’s stock after acquiring an additional 15,222 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Kimco Realty Corporation were worth $1,678,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of KIM. UBS Asset Management Americas Inc. grew its holdings in shares of Kimco Realty Corporation by 10.9% during the first quarter. UBS Asset Management Americas Inc. now owns 1,942,582 shares of the real estate investment trust’s stock worth $42,912,000 after purchasing an additional 190,454 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Kimco Realty Corporation by 3.5% in the 1st quarter. Ameriprise Financial Inc. now owns 560,739 shares of the real estate investment trust’s stock worth $12,387,000 after buying an additional 18,919 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Kimco Realty Corporation by 0.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 54,453 shares of the real estate investment trust’s stock worth $1,203,000 after buying an additional 318 shares during the last quarter. Prudential Financial Inc. lifted its position in Kimco Realty Corporation by 1.2% in the 1st quarter. Prudential Financial Inc. now owns 591,401 shares of the real estate investment trust’s stock worth $13,064,000 after buying an additional 7,200 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in Kimco Realty Corporation in the 1st quarter worth approximately $1,472,000. 88.65% of the stock is owned by institutional investors and hedge funds.
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Kimco Realty Corporation (NYSE:KIM) traded down 0.3318% during mid-day trading on Tuesday, hitting $19.1961. The company had a trading volume of 122,698 shares. The firm has a market capitalization of $8.17 billion, a P/E ratio of 39.0959 and a beta of 0.67. The company has a 50-day moving average price of $19.65 and a 200 day moving average price of $19.63. Kimco Realty Corporation has a 12 month low of $17.02 and a 12 month high of $28.38.
Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The business had revenue of $292.84 million for the quarter, compared to analysts’ expectations of $290.95 million. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts forecast that Kimco Realty Corporation will post $0.70 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.61%. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.
A number of analysts recently weighed in on the company. BidaskClub downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kimco Realty Corporation in a research note on Friday, August 4th. Zacks Investment Research raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Kimco Realty Corporation in a research note on Monday, July 10th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.43.
Kimco Realty Corporation Company 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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