GMT Capital Corp bought a new stake in Kimco Realty Corp (NYSE:KIM) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 849,000 shares of the real estate investment trust’s stock, valued at approximately $14,425,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning bought a new position in shares of Kimco Realty in the 2nd quarter worth $172,000. Virtu Financial LLC bought a new position in shares of Kimco Realty in the 2nd quarter worth $173,000. Advisor Partners LLC bought a new position in shares of Kimco Realty in the 2nd quarter worth $192,000. Goodwin Daniel L bought a new position in shares of Kimco Realty in the 2nd quarter worth $204,000. Finally, Korea Investment CORP boosted its position in shares of Kimco Realty by 3,467.7% in the 2nd quarter. Korea Investment CORP now owns 13,272 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 12,900 shares during the last quarter. 86.21% of the stock is owned by institutional investors.

In other Kimco Realty news, Director Philip E. Coviello, Jr. bought 5,500 shares of Kimco Realty stock in a transaction on Wednesday, August 1st. The shares were purchased at an average cost of $16.46 per share, for a total transaction of $90,530.00. Following the completion of the acquisition, the director now owns 52,965 shares in the company, valued at approximately $871,803.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.

KIM has been the topic of several recent research reports. ValuEngine lowered Kimco Realty from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Sandler O’Neill restated a “hold” rating and issued a $18.00 price target on shares of Kimco Realty in a research report on Friday, July 27th. JPMorgan Chase & Co. upgraded Kimco Realty from a “neutral” rating to an “overweight” rating in a research report on Friday, June 15th. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Kimco Realty in a research report on Friday, July 27th. Finally, Wells Fargo & Co raised their price target on Kimco Realty from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.15.

KIM stock opened at $16.97 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 3.61 and a beta of 0.38. Kimco Realty Corp has a 1-year low of $13.16 and a 1-year high of $20.53.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, July 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $293.40 million for the quarter, compared to analyst estimates of $291.04 million. Kimco Realty had a return on equity of 9.40% and a net margin of 42.68%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. analysts predict that Kimco Realty Corp will post 1.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, October 2nd will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, October 1st. This represents a $1.12 annualized dividend and a yield of 6.60%. Kimco Realty’s dividend payout ratio is presently 72.26%.

About Kimco Realty

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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