Presima Inc. held its position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,300 shares of the real estate investment trust’s stock at the end of the second quarter. Kimco Realty Corporation makes up 0.2% of Presima Inc.’s investment portfolio, making the stock its 29th largest position. Presima Inc.’s holdings in Kimco Realty Corporation were worth $1,474,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in KIM. Profund Advisors LLC increased its stake in shares of Kimco Realty Corporation by 0.3% in the first quarter. Profund Advisors LLC now owns 22,393 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 67 shares during the period. Westwood Holdings Group Inc. boosted its position in shares of Kimco Realty Corporation by 0.6% in the first quarter. Westwood Holdings Group Inc. now owns 18,038 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 110 shares during the period. Financial Advisory Service Inc. boosted its position in shares of Kimco Realty Corporation by 1.0% in the first quarter. Financial Advisory Service Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 112 shares during the period. Private Asset Management Inc. boosted its position in shares of Kimco Realty Corporation by 1.8% in the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 200 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Kimco Realty Corporation by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 200 shares during the period. 91.29% of the stock is owned by institutional investors and hedge funds.
Kimco Realty Corporation (KIM) opened at 19.34 on Friday. The company’s 50-day moving average is $19.43 and its 200 day moving average is $20.76. The company has a market capitalization of $8.23 billion, a P/E ratio of 39.39 and a beta of 0.67. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $30.71.
Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $292.84 million for the quarter, compared to analyst estimates of $290.95 million. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Kimco Realty Corporation will post $0.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.58%. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.
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Several analysts recently issued reports on the company. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty Corporation in a research note on Friday. BidaskClub lowered shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday. Barclays PLC reiterated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of Kimco Realty Corporation in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a report on Friday, August 4th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.21.
In related news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the stock in a transaction dated Monday, June 5th. The shares were acquired at an average cost of $17.37 per share, with a total value of $347,400.00. Following the purchase, the director now directly owns 41,045 shares in the company, valued at approximately $712,951.65. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.
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.
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