MUFG Americas Holdings Corp maintained its stake in shares of Kimco Realty Corporation (NYSE:KIM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,100 shares of the real estate investment trust’s stock at the end of the fourth quarter. MUFG Americas Holdings Corp’s holdings in Kimco Realty Corporation were worth $128,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Global X Management Co. LLC increased its stake in shares of Kimco Realty Corporation by 70.8% in the third quarter. Global X Management Co. LLC now owns 6,320 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 2,620 shares in the last quarter. Nuveen Fund Advisors LLC increased its position in Kimco Realty Corporation by 27.9% in the third quarter. Nuveen Fund Advisors LLC now owns 8,325 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,815 shares during the period. Invictus RG purchased a new position in Kimco Realty Corporation during the second quarter worth about $270,000. Creative Planning increased its position in Kimco Realty Corporation by 13.9% in the third quarter. Creative Planning now owns 10,168 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 1,244 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Kimco Realty Corporation by 641.2% in the third quarter. Tower Research Capital LLC TRC now owns 10,244 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 8,862 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.
Shares of Kimco Realty Corporation (NYSE:KIM) traded down 0.24% during midday trading on Monday, hitting $24.98. The stock had a trading volume of 1,155,860 shares. The firm has a 50 day moving average price of $25.11 and a 200-day moving average price of $27.41. The stock has a market cap of $10.62 billion, a PE ratio of 31.62 and a beta of 0.73. Kimco Realty Corporation has a 52-week low of $24.26 and a 52-week high of $32.24.
Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings results on Thursday, February 2nd. The real estate investment trust reported $0.38 EPS for the quarter, topping 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 firm had revenue of $297 million for the quarter, compared to analyst estimates of $288.40 million. During the same period last year, the business earned $0.37 EPS. Kimco Realty Corporation’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts predict that Kimco Realty Corporation will post $0.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, April 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $1.08 annualized dividend and a yield of 4.31%. Kimco Realty Corporation’s dividend payout ratio is currently 135.00%.
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KIM has been the topic of a number of research reports. J P Morgan Chase & Co downgraded Kimco Realty Corporation from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $27.50 in a research note 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 dropped their price target on Kimco Realty Corporation from $32.00 to $27.00 and set an “overweight” rating on the stock 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 price target on the stock in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.58.
About Kimco Realty Corporation
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.
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