Westwood Holdings Group Inc. Boosts Position in Kimco Realty Corporation (KIM)

Westwood Holdings Group Inc. raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 18,038 shares of the real estate investment trust’s stock after buying an additional 110 shares during the period. Westwood Holdings Group Inc.’s holdings in Kimco Realty Corporation were worth $398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Profund Advisors LLC increased its position in Kimco Realty Corporation by 0.3% in the first quarter. Profund Advisors LLC now owns 22,393 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 67 shares during the last quarter. Financial Advisory Service Inc. increased its position in Kimco Realty Corporation by 1.0% in the first quarter. Financial Advisory Service Inc. now owns 11,200 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 112 shares during the last quarter. Capstone Asset Management Co. increased its position in Kimco Realty Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 52,286 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 210 shares during the last quarter. Loeb Partners Corp increased its position in Kimco Realty Corporation by 0.4% in the first quarter. Loeb Partners Corp now owns 69,600 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 300 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Kimco Realty Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 105,386 shares of the real estate investment trust’s stock worth $2,328,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

Kimco Realty Corporation (NYSE KIM) traded up 0.96% during mid-day trading on Wednesday, reaching $18.87. The company’s stock had a trading volume of 504,121 shares. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 29.86 and a beta of 0.68. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $32.24. The firm has a 50-day moving average of $18.65 and a 200-day moving average of $22.53.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $293.60 million during the quarter, compared to analyst estimates of $291.46 million. Kimco Realty Corporation had a return on equity of 5.78% and a net margin of 27.02%. Kimco Realty Corporation’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. On average, equities research analysts expect that Kimco Realty Corporation will post $0.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Monday, July 3rd. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 168.75%.

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A number of research firms have recently commented on KIM. BidaskClub upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. ValuEngine downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Barclays PLC dropped their price objective on Kimco Realty Corporation from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Goldman Sachs Group, Inc. (The) upgraded Kimco Realty Corporation from a “sell” rating to a “neutral” rating and set a $18.70 price objective on the stock in a report on Tuesday, June 20th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.95.

In related news, Director Philip E. Coviello, Jr. bought 20,000 shares of the stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $17.37 per share, with a total value of $347,400.00. Following the completion of the acquisition, the director now owns 41,045 shares of the company’s stock, valued at $712,951.65. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Philip E. Coviello, Jr. bought 7,500 shares of the stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of $19.44 per share, with a total value of $145,800.00. Following the completion of the acquisition, the director now directly owns 41,045 shares of the company’s stock, valued at approximately $797,914.80. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by corporate insiders.

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 December 31, 2016, the Company had interests in 525 shopping center properties, aggregating 85.4 million square feet of gross leasable area (GLA), located in 34 states, Puerto Rico and Canada.

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

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