Kimco Realty Corp (KIM) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,949,479 shares of the real estate investment trust’s stock after selling 225,630 shares during the period. Bank of New York Mellon Corp owned 3.31% of Kimco Realty worth $237,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Whittier Trust Co. grew its stake in Kimco Realty by 27.9% during the second quarter. Whittier Trust Co. now owns 14,340 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 3,125 shares during the period. American Asset Management Inc. grew its stake in Kimco Realty by 17.2% during the second quarter. American Asset Management Inc. now owns 21,800 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 3,200 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in Kimco Realty by 6.1% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 64,145 shares of the real estate investment trust’s stock worth $1,090,000 after buying an additional 3,666 shares during the period. NN Investment Partners Holdings N.V. grew its stake in Kimco Realty by 5.1% during the second quarter. NN Investment Partners Holdings N.V. now owns 77,860 shares of the real estate investment trust’s stock worth $1,324,000 after buying an additional 3,766 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in Kimco Realty by 9.5% during the second quarter. SeaCrest Wealth Management LLC now owns 49,929 shares of the real estate investment trust’s stock worth $848,000 after buying an additional 4,348 shares during the period. Institutional investors own 86.15% of the company’s stock.

Shares of KIM stock opened at $15.86 on Friday. The firm has a market capitalization of $6.87 billion, a PE ratio of 10.23, a PEG ratio of 3.21 and a beta of 0.38. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.90. Kimco Realty Corp has a twelve month low of $13.16 and a twelve month high of $19.53.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.17). Kimco Realty had a net margin of 40.14% and a return on equity of 8.74%. The firm had revenue of $283.08 million during the quarter, compared to analysts’ expectations of $281.73 million. On average, research analysts predict that Kimco Realty Corp will post 1.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, December 31st. This represents a $1.12 dividend on an annualized basis and a yield of 7.06%. Kimco Realty’s dividend payout ratio (DPR) is 72.26%.

KIM has been the subject of several research reports. Sandler O’Neill reiterated a “hold” rating and set a $18.00 price objective on shares of Kimco Realty in a research note on Friday, July 27th. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective on shares of Kimco Realty in a research note on Friday, July 27th. Wells Fargo & Co upped their target price on shares of Kimco Realty from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. Scotiabank began coverage on shares of Kimco Realty in a research note on Tuesday, October 16th. They issued an “underperform” rating for the company. Finally, ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Kimco Realty presently has a consensus rating of “Hold” and a consensus price target of $18.15.

Kimco Realty Profile

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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

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