Aberdeen Asset Management PLC UK Boosts Position in Kimco Realty Corporation (KIM)

Aberdeen Asset Management PLC UK increased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 42.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,315 shares of the real estate investment trust’s stock after buying an additional 147,871 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Kimco Realty Corporation were worth $12,386,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. British Columbia Investment Management Corp increased its stake in shares of Kimco Realty Corporation by 10.8% in the third quarter. British Columbia Investment Management Corp now owns 306,228 shares of the real estate investment trust’s stock valued at $8,865,000 after buying an additional 29,846 shares in the last quarter. BlackRock Inc. increased its stake in shares of Kimco Realty Corporation by 2.8% in the third quarter. BlackRock Inc. now owns 1,290,562 shares of the real estate investment trust’s stock valued at $37,362,000 after buying an additional 34,601 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Kimco Realty Corporation by 39.5% in the third quarter. TIAA CREF Investment Management LLC now owns 873,491 shares of the real estate investment trust’s stock valued at $25,288,000 after buying an additional 247,441 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kimco Realty Corporation by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 10,950,509 shares of the real estate investment trust’s stock valued at $343,629,000 after buying an additional 792,610 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Kimco Realty Corporation by 4.6% in the third quarter. BlackRock Fund Advisors now owns 12,796,645 shares of the real estate investment trust’s stock valued at $370,463,000 after buying an additional 559,718 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

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

Shares of Kimco Realty Corporation (NYSE:KIM) traded up 0.04% during trading on Monday, reaching $25.05. 943,917 shares of the company’s stock were exchanged. Kimco Realty Corporation has a 52-week low of $24.26 and a 52-week high of $32.24. The company has a 50 day moving average price of $25.11 and a 200-day moving average price of $27.41. The company has a market capitalization of $10.65 billion, a PE ratio of 31.71 and a beta of 0.73.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings data on Thursday, February 2nd. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.23. Kimco Realty Corporation had a net margin of 32.40% and a return on equity of 6.88%. The business had revenue of $297 million for the quarter, compared to analyst estimates of $288.40 million. During the same period in the prior year, the business posted $0.37 earnings per share. Kimco Realty Corporation’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts forecast that Kimco Realty Corporation will post $0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Wednesday, April 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, April 3rd. Kimco Realty Corporation’s payout ratio is presently 135.00%.

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KIM has been the subject of several recent research reports. J P Morgan Chase & Co downgraded Kimco Realty Corporation from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $27.50 in a report on Friday, December 16th. Goldman Sachs Group, Inc. (The) downgraded Kimco Realty Corporation from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 29th. Barclays PLC lowered their target price on Kimco Realty Corporation from $32.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Zacks Investment Research downgraded Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Finally, Raymond James Financial, Inc. upgraded Kimco Realty Corporation from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Monday, January 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.58.

Kimco Realty Corporation Company Profile

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.

5 Day Chart for NYSE:KIM

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