United Services Automobile Association increased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 166.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 353,023 shares of the real estate investment trust’s stock after acquiring an additional 220,524 shares during the period. United Services Automobile Association owned approximately 0.08% of Kimco Realty worth $5,172,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of Kimco Realty by 1,347.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 670,838 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 624,480 shares during the last quarter. Enlightenment Research LLC acquired a new position in shares of Kimco Realty in the fourth quarter worth $62,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Kimco Realty during the fourth quarter worth $107,000. Shulman DeMeo Asset Management LLC acquired a new position in shares of Kimco Realty during the fourth quarter worth $152,000. Finally, First Midwest Bank Trust Division acquired a new position in shares of Kimco Realty during the fourth quarter worth $153,000. Institutional investors own 85.65% of the company’s stock.
In other Kimco Realty news, Director Philip E. Coviello, Jr. bought 5,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was bought at an average cost of $14.91 per share, with a total value of $74,550.00. Following the completion of the transaction, the director now directly owns 52,965 shares of the company’s stock, valued at approximately $789,708.15. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.
KIM has been the subject of a number of research reports. Zacks Investment Research raised shares of Kimco Realty from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, December 31st. ValuEngine raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.60.
Shares of NYSE KIM traded down $0.05 during midday trading on Wednesday, hitting $17.56. The company’s stock had a trading volume of 11,814 shares, compared to its average volume of 3,591,962. Kimco Realty Corp has a 1-year low of $13.16 and a 1-year high of $18.01. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $7.41 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 3.67 and a beta of 0.64.
Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, January 31st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.18). Kimco Realty had a net margin of 41.49% and a return on equity of 8.84%. The firm had revenue of $284.20 million for the quarter, compared to analyst estimates of $278.28 million. Equities analysts forecast that Kimco Realty Corp will post 1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend is Monday, April 1st. Kimco Realty’s payout ratio is presently 77.24%.
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Kimco Realty Company Profile
Kimco Realty Corp. 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 December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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