27,300 Shares in Kimco Realty Corporation (KIM) Acquired by Caxton Associates LP
Caxton Associates LP acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,300 shares of the real estate investment trust’s stock, valued at approximately $501,000.
A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. lifted its position in Kimco Realty Corporation by 3.8% during the second quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock valued at $759,119,000 after buying an additional 1,506,999 shares during the period. State Street Corp lifted its position in Kimco Realty Corporation by 1.5% during the first quarter. State Street Corp now owns 25,704,197 shares of the real estate investment trust’s stock valued at $567,811,000 after buying an additional 386,582 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 during the last quarter. FMR LLC raised its position in shares of 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 during the last quarter. Finally, PGGM Investments raised its position in shares of Kimco Realty Corporation by 2.4% in the 2nd quarter. PGGM Investments now owns 10,781,000 shares of the real estate investment trust’s stock worth $197,831,000 after purchasing an additional 255,000 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.
Shares of Kimco Realty Corporation (NYSE:KIM) traded down 1.03% during trading on Thursday, reaching $19.22. The company’s stock had a trading volume of 377,020 shares. The stock has a market capitalization of $8.18 billion, a PE ratio of 39.14 and a beta of 0.67. The firm’s 50-day moving average is $19.68 and its 200-day moving average is $19.68. Kimco Realty Corporation has a 12-month low of $17.02 and a 12-month high of $28.52.
Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Kimco Realty Corporation will post $0.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $19.50 price target (down previously from $21.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Argus lowered Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, BMO Capital Markets assumed coverage on Kimco Realty Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $21.00 price target for the company. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.43.
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Kimco Realty Corporation 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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