Kimco Realty Corporation (KIM) Holdings Raised by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 43.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,282 shares of the real estate investment trust’s stock after acquiring an additional 24,291 shares during the period. Janus Henderson Group PLC’s holdings in Kimco Realty Corporation were worth $1,473,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Financial Advisory Service Inc. boosted its holdings in Kimco Realty Corporation by 1.1% during the second quarter. Financial Advisory Service Inc. now owns 11,327 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 127 shares during the period. People s United Financial Inc. boosted its holdings in Kimco Realty Corporation by 0.4% during the second quarter. People s United Financial Inc. now owns 43,835 shares of the real estate investment trust’s stock valued at $805,000 after acquiring an additional 181 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Kimco Realty Corporation by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 200 shares during the period. Private Asset Management Inc. boosted its holdings in Kimco Realty Corporation by 1.8% during the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 200 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Kimco Realty Corporation by 0.6% during the second quarter. CIBC Asset Management Inc now owns 40,500 shares of the real estate investment trust’s stock valued at $743,000 after acquiring an additional 232 shares during the period. Institutional investors own 88.65% of the company’s stock.

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KIM has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Kimco Realty Corporation in a report on Monday, September 11th. They set a “market perform” rating and a $21.00 price target for the company. Mizuho restated a “hold” rating and set a $19.00 price target on shares of Kimco Realty Corporation in a report on Monday, October 9th. Citigroup Inc. upped their price target on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, August 14th. J P Morgan Chase & Co upgraded shares of Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 target price for the company in a research note on Tuesday, September 26th. Finally, Argus cut shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Kimco Realty Corporation currently has an average rating of “Hold” and a consensus price target of $24.43.

Kimco Realty Corporation (KIM) opened at 18.36 on Friday. The company has a 50-day moving average of $19.40 and a 200 day moving average of $19.44. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 37.39 and a beta of 0.67. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $26.64.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The business had revenue of $290.92 million during the quarter, compared to the consensus estimate of $295.34 million. Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities research analysts anticipate that Kimco Realty Corporation will post $0.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a yield of 6.10%. This is an increase from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s payout ratio is currently 125.58%.

Kimco Realty Corporation 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.

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

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