Toronto Dominion Bank boosted its stake in Kimco Realty Corp (NYSE:KIM) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,463 shares of the real estate investment trust’s stock after purchasing an additional 17,266 shares during the period. Toronto Dominion Bank’s holdings in Kimco Realty were worth $3,156,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Creative Planning increased its holdings in Kimco Realty by 31.8% in the 2nd quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 2,715 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Kimco Realty by 525.7% during 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 acquiring an additional 58,753 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Kimco Realty by 25.6% during 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 acquiring an additional 5,248 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Kimco Realty by 0.8% during 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 acquiring an additional 200 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Kimco Realty by 28.9% during 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 acquiring an additional 38,976 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.
Kimco Realty Corp (KIM) traded up $0.12 during trading hours on Thursday, reaching $18.16. The company had a trading volume of 3,684,565 shares, compared to its average volume of 4,419,994. 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 Corp has a fifty-two week low of $17.02 and a fifty-two week high of $26.63. The firm has a market capitalization of $7,866.08, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.65.
Kimco Realty (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 Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty 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 period in the prior year, the business earned $0.38 EPS. The business’s revenue was up 4.2% on a year-over-year basis. analysts expect that Kimco Realty Corp will post 1.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a yield of 6.17%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s dividend payout ratio (DPR) is currently 125.58%.
In other Kimco Realty news, insider Milton Cooper bought 50,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were purchased at an average price of $19.20 per share, with a total value of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.90% of the company’s stock.
Several brokerages have recently weighed in on KIM. BidaskClub upgraded Kimco Realty from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Argus downgraded Kimco Realty from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. They noted that the move was a valuation call. BMO Capital Markets began coverage on Kimco Realty in a research note on Monday, September 11th. They set a “market perform” rating and a $21.00 target price for the company. Mizuho restated a “hold” rating and set a $19.00 target price on shares of Kimco Realty in a research note on Monday, October 9th. Finally, Boenning Scattergood restated a “hold” rating on shares of Kimco Realty in a research note on Friday, August 18th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.02.
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Kimco Realty 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 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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