California State Teachers Retirement System decreased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 813,757 shares of the real estate investment trust’s stock after selling 13,228 shares during the quarter. California State Teachers Retirement System owned about 0.19% of Kimco Realty Corporation worth $14,931,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in KIM. OppenheimerFunds Inc. lifted its position in shares of Kimco Realty Corporation by 68.4% in the 1st quarter. OppenheimerFunds Inc. now owns 80,293 shares of the real estate investment trust’s stock worth $1,774,000 after acquiring an additional 32,609 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of Kimco Realty Corporation by 1.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 178,099 shares of the real estate investment trust’s stock worth $3,934,000 after acquiring an additional 2,720 shares during the period. Global X Management Co. LLC lifted its position in shares of Kimco Realty Corporation by 30.5% in the 1st quarter. Global X Management Co. LLC now owns 9,861 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 2,304 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of Kimco Realty Corporation in the 1st quarter worth approximately $1,054,000. Finally, Marshall Wace North America L.P. acquired a new position in shares of Kimco Realty Corporation in the 1st quarter worth approximately $1,054,000. Hedge funds and other institutional investors own 88.65% of the company’s stock.
Kimco Realty Corporation (NYSE KIM) traded up 0.16% during mid-day trading on Friday, hitting $18.36. The company had a trading volume of 4,537,909 shares. The company’s 50 day moving average price is $19.51 and its 200-day moving average price is $19.47. Kimco Realty Corporation has a 12-month low of $17.02 and a 12-month high of $27.26. The firm has a market capitalization of $7.81 billion, a PE ratio of 37.39 and a beta of 0.67.
Kimco Realty Corporation (NYSE:KIM) last issued its 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 firm had revenue of $290.92 million during the quarter, compared to the consensus estimate of $295.34 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Kimco Realty Corporation will post $0.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 29th. This is a boost 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 6.10%. Kimco Realty Corporation’s dividend payout ratio is 125.58%.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/10/28/california-state-teachers-retirement-system-sells-13228-shares-of-kimco-realty-corporation-kim.html.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised Kimco Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Citigroup Inc. reaffirmed a “neutral” rating and set a $19.50 price target (down from $21.00) on shares of Kimco Realty Corporation in a report on Monday, July 10th. Argus lowered Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, BMO Capital Markets initiated coverage on Kimco Realty Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $21.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.43.
Kimco Realty Corporation 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 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.
Receive News & Ratings for Kimco Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.