Kimco Realty Corp. (KIM) Shares Sold by UMB Bank N A MO
UMB Bank N A MO cut its stake in shares of Kimco Realty Corp. (NYSE:KIM) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,745 shares of the real estate investment trust’s stock after selling 4,560 shares during the period. UMB Bank N A MO’s holdings in Kimco Realty Corp. were worth $4,072,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of KIM. Ladenburg Thalmann Financial Services Inc. increased its stake in Kimco Realty Corp. by 10.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,809 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 538 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Kimco Realty Corp. during the first quarter worth approximately $203,000. Mn Services Vermogensbeheer B.V. purchased a new stake in Kimco Realty Corp. during the first quarter worth approximately $259,000. Raymond James Trust N.A. purchased a new stake in Kimco Realty Corp. during the second quarter worth approximately $312,000. Finally, Eqis Capital Management Inc. increased its stake in Kimco Realty Corp. by 20.3% in the second quarter. Eqis Capital Management Inc. now owns 10,919 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 1,842 shares during the last quarter. Institutional investors own 93.67% of the company’s stock.
Shares of Kimco Realty Corp. (NYSE:KIM) traded up 2.01% during midday trading on Thursday, hitting $29.92. 2,283,632 shares of the stock were exchanged. The firm has a market cap of $12.57 billion, a P/E ratio of 16.76 and a beta of 1.05. The stock’s 50 day moving average is $29.96 and its 200 day moving average is $29.42. Kimco Realty Corp. has a 12-month low of $23.44 and a 12-month high of $32.24.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Wednesday, October 5th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 3.41%. Kimco Realty Corp.’s payout ratio is 56.98%.
KIM has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on Kimco Realty Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Barclays PLC restated a “buy” rating and set a $34.00 price objective on shares of Kimco Realty Corp. in a report on Tuesday, July 19th. Deutsche Bank AG upped their price objective on Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 17th. Citigroup Inc. downgraded Kimco Realty Corp. from a “buy” rating to a “neutral” rating and set a $32.00 price objective for the company. in a report on Thursday, July 7th. Finally, Canaccord Genuity upped their price objective on Kimco Realty Corp. from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.33.
In related news, Director Philip E. Coviello, Jr. bought 1,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was bought at an average price of $31.17 per share, for a total transaction of $31,170.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.
Kimco Realty Corp. Company Profile
Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 550 shopping center properties, aggregating over 88 million square feet of gross leasable area (GLA), located in approximately 36 states of the United States, Puerto Rico and Canada.
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