Milton Cooper Buys 50,000 Shares of Kimco Realty Corp (KIM) Stock

Kimco Realty Corp (NYSE:KIM) insider Milton Cooper acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average price of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kimco Realty Corp (NYSE KIM) opened at $18.04 on Thursday. The company has a market cap of $7,866.08, a PE ratio of 12.24, a PEG ratio of 2.21 and a beta of 0.65. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. Kimco Realty Corp has a 52-week low of $17.02 and a 52-week high of $26.63.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. sell-side analysts forecast that Kimco Realty Corp will post 1.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.21%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio is currently 125.58%.

KIM has been the subject of a number of recent research reports. BMO Capital Markets set a $21.00 price objective on shares of Kimco Realty and gave the stock a “hold” rating in a report on Wednesday, October 25th. Argus cut shares of Kimco Realty from a “buy” rating to a “hold” rating in a report on Monday, August 28th. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price objective on shares of Kimco Realty in a report on Friday, November 10th. Mizuho reiterated a “hold” rating and issued a $19.00 price objective on shares of Kimco Realty in a report on Monday, October 9th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a research report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.02.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Financial Advisory Service Inc. increased its stake in Kimco Realty by 1.1% in 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. increased its stake in Kimco Realty by 0.4% in 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 increased its stake in Kimco Realty 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 valued at $484,000 after acquiring an additional 200 shares during the period. CIBC Asset Management Inc increased its stake in Kimco Realty by 0.6% in 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. Finally, Commerce Bank increased its stake in Kimco Realty by 0.3% in the second quarter. Commerce Bank now owns 106,143 shares of the real estate investment trust’s stock valued at $1,948,000 after acquiring an additional 305 shares during the period. 92.22% of the stock is owned by institutional investors and hedge funds.

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Kimco Realty 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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