Commerzbank Aktiengesellschaft FI acquired a new position in Kimco Realty Corp (NYSE:KIM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,560 shares of the real estate investment trust’s stock, valued at approximately $228,000.
Several other large investors have also modified their holdings of KIM. Royal Bank of Canada boosted its stake in shares of Kimco Realty by 103.7% during the 2nd quarter. Royal Bank of Canada now owns 126,830 shares of the real estate investment trust’s stock worth $2,327,000 after purchasing an additional 64,576 shares during the period. Third Avenue Management LLC purchased a new position in shares of Kimco Realty during the 3rd quarter worth about $21,120,000. RMR Advisors LLC boosted its position in Kimco Realty by 24.5% in the 4th quarter. RMR Advisors LLC now owns 137,000 shares of the real estate investment trust’s stock valued at $2,487,000 after buying an additional 27,000 shares during the period. Asset Management One Co. Ltd. boosted its position in Kimco Realty by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,634,172 shares of the real estate investment trust’s stock valued at $31,889,000 after buying an additional 27,116 shares during the period. Finally, Goodman Financial Corp boosted its position in Kimco Realty by 10.5% in the 3rd quarter. Goodman Financial Corp now owns 243,140 shares of the real estate investment trust’s stock valued at $4,753,000 after buying an additional 23,010 shares during the period. 91.37% of the stock is owned by institutional investors and hedge funds.
Shares of Kimco Realty Corp (KIM) traded up $0.55 during midday trading on Thursday, reaching $14.81. 3,087,034 shares of the company were exchanged, compared to its average volume of 6,053,569. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $6,103.87, a P/E ratio of 16.58, a PEG ratio of 2.03 and a beta of 0.46. Kimco Realty Corp has a 12-month low of $13.70 and a 12-month high of $24.75.
Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $297.92 million. Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. equities analysts predict 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 Monday, April 16th. Stockholders of record on Tuesday, April 3rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Monday, April 2nd. Kimco Realty’s dividend payout ratio (DPR) is 130.23%.
Several research firms have issued reports on KIM. ValuEngine cut shares of Kimco Realty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of Kimco Realty in a report on Thursday, February 1st. Barclays reduced their price objective on shares of Kimco Realty from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. SunTrust Banks set a $18.00 price objective on shares of Kimco Realty and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.34.
In other news, insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $19.20 per share, for a total transaction of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by corporate insiders.
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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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