Swiss National Bank increased its position in shares of Kimco Realty Corporation (NYSE:KIM) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,568,321 shares of the real estate investment trust’s stock after acquiring an additional 17,600 shares during the quarter. Swiss National Bank owned about 368,453.19% of Kimco Realty Corporation worth $30,661,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of KIM. Creative Planning lifted its stake in shares of Kimco Realty Corporation by 31.8% during the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 2,715 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in Kimco Realty Corporation by 525.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 69,930 shares of the real estate investment trust’s stock valued at $1,283,000 after purchasing an additional 58,753 shares during the last quarter. LS Investment Advisors LLC increased its holdings in Kimco Realty Corporation by 25.6% in the second quarter. LS Investment Advisors LLC now owns 25,763 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 5,248 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Kimco Realty Corporation by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 26,400 shares of the real estate investment trust’s stock valued at $484,000 after purchasing an additional 200 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in Kimco Realty Corporation by 28.9% in the second quarter. Aperio Group LLC now owns 173,685 shares of the real estate investment trust’s stock valued at $3,187,000 after purchasing an additional 38,976 shares during the last quarter. 90.22% of the stock is currently owned by institutional investors and hedge funds.
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A number of research firms recently commented on KIM. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. BidaskClub upgraded Kimco Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets began coverage on Kimco Realty Corporation in a report on Monday, September 11th. They issued a “market perform” rating and a $21.00 price objective for the company. Zacks Investment Research upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Citigroup Inc. upped their price objective on Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, August 14th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kimco Realty Corporation has an average rating of “Hold” and a consensus target price of $24.25.
Shares of Kimco Realty Corporation (KIM) opened at $19.30 on Friday. Kimco Realty Corporation has a fifty-two week low of $17.02 and a fifty-two week high of $26.63. The stock has a market capitalization of $8,129.98, a PE ratio of 12.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.16.
Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million during the quarter, compared to the consensus estimate of $295.34 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts predict that Kimco Realty Corporation will post 1.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 29th. This is an increase from Kimco Realty Corporation’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.80%. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 125.58%.
About Kimco Realty Corporation
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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