Kimco Realty Corporation (KIM) Holdings Raised by Quantbot Technologies LP
Quantbot Technologies LP boosted its position in Kimco Realty Corporation (NYSE:KIM) by 143.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 126,503 shares of the real estate investment trust’s stock after purchasing an additional 74,581 shares during the period. Quantbot Technologies LP’s holdings in Kimco Realty Corporation were worth $2,321,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Kimco Realty Corporation by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 72,545,930 shares of the real estate investment trust’s stock worth $1,602,539,000 after purchasing an additional 1,433,878 shares in the last quarter. BlackRock Inc. grew its position in Kimco Realty Corporation by 3.8% in the 2nd quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock worth $759,119,000 after purchasing an additional 1,506,999 shares in the last quarter. State Street Corp grew its position in Kimco Realty Corporation by 1.5% in the 1st quarter. State Street Corp now owns 25,704,197 shares of the real estate investment trust’s stock worth $567,811,000 after purchasing an additional 386,582 shares in the last quarter. Bank of New York Mellon Corp grew its position in Kimco Realty Corporation by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 18,014,750 shares of the real estate investment trust’s stock worth $330,570,000 after purchasing an additional 595,684 shares in the last quarter. Finally, FMR LLC grew its position in Kimco Realty Corporation by 24.5% in the 2nd quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 2,408,799 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.
Kimco Realty Corporation (NYSE:KIM) opened at 19.18 on Friday. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $30.24. The stock’s 50 day moving average is $19.97 and its 200-day moving average is $20.01. The company has a market capitalization of $8.16 billion, a P/E ratio of 39.06 and a beta of 0.67.
Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.07). Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The company had revenue of $292.84 million for the quarter, compared to analysts’ expectations of $290.95 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts predict that Kimco Realty Corporation will post $0.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 5.63%. Kimco Realty Corporation’s payout ratio is 220.41%.
KIM has been the subject of a number of recent analyst reports. BidaskClub raised shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a research report on Friday, August 4th. Zacks Investment Research raised shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. Finally, ValuEngine downgraded shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.03.
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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.
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