Whittier Trust Co. Has $352,000 Position in Kimco Realty Corp. (KIM)
Whittier Trust Co. cut its position in shares of Kimco Realty Corp. (NYSE:KIM) by 21.8% during the second quarter, Holdings Channel reports. The firm owned 11,215 shares of the real estate investment trust’s stock after selling 3,125 shares during the period. Whittier Trust Co.’s holdings in Kimco Realty Corp. were worth $352,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. State Street Corp boosted its position in Kimco Realty Corp. by 1.0% in the first quarter. State Street Corp now owns 24,120,651 shares of the real estate investment trust’s stock valued at $694,191,000 after buying an additional 232,408 shares during the last quarter. Kempen Capital Management N.V. boosted its position in Kimco Realty Corp. by 15.4% in the first quarter. Kempen Capital Management N.V. now owns 152,486 shares of the real estate investment trust’s stock valued at $4,389,000 after buying an additional 20,406 shares during the last quarter. BB&T Securities LLC purchased a new position in Kimco Realty Corp. during the first quarter valued at $3,178,000. 1832 Asset Management L.P. purchased a new position in Kimco Realty Corp. during the first quarter valued at $7,283,000. Finally, Canada Pension Plan Investment Board boosted its position in Kimco Realty Corp. by 84.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,115,910 shares of the real estate investment trust’s stock valued at $32,116,000 after buying an additional 512,035 shares during the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.
Shares of Kimco Realty Corp. (NYSE:KIM) traded up 0.53% during mid-day trading on Thursday, hitting $28.33. The stock had a trading volume of 1,991,846 shares. The firm has a 50 day moving average price of $29.24 and a 200-day moving average price of $29.50. The stock has a market cap of $11.90 billion, a P/E ratio of 15.87 and a beta of 0.95. Kimco Realty Corp. has a 12 month low of $24.75 and a 12 month high of $32.24.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.62%. Kimco Realty Corp.’s dividend payout ratio is presently 56.98%.
KIM has been the topic of several recent research reports. Barclays PLC reiterated a “buy” rating and set a $34.00 price objective on shares of Kimco Realty Corp. in a research report on Tuesday, July 19th. Canaccord Genuity raised their price target on Kimco Realty Corp. from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. BTIG Research initiated coverage on Kimco Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $34.00 price target on the stock. Vetr cut Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 price target on the stock. in a research report on Thursday, September 22nd. Finally, Stifel Nicolaus cut Kimco Realty Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.59.
In other news, Director Philip E. Coviello, Jr. purchased 1,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of $31.17 per share, with a total value of $31,170.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.20% of the company’s stock.
About Kimco Realty Corp.
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 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.
Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp. (NYSE:KIM).
Receive News & Ratings for Kimco Realty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty Corp. and related companies with MarketBeat.com's FREE daily email newsletter.