Stifel Financial Corp reduced its position in Kimco Realty Corporation (NYSE:KIM) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,687 shares of the real estate investment trust’s stock after selling 935 shares during the quarter. Stifel Financial Corp’s holdings in Kimco Realty Corporation were worth $2,775,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Kimco Realty Corporation by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 790 shares during the period. Creative Planning raised its position in Kimco Realty Corporation by 31.8% in the 2nd quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 2,715 shares during the period. Private Asset Management Inc. raised its position in Kimco Realty Corporation by 1.8% in the 2nd quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 200 shares during the period. Financial Advisory Service Inc. raised its position in Kimco Realty Corporation by 1.1% in the 2nd quarter. Financial Advisory Service Inc. now owns 11,327 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 127 shares during the period. Finally, Global X Management Co. LLC raised its position in 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 purchasing an additional 2,304 shares during the period. 89.05% of the stock is currently owned by institutional investors.
Kimco Realty Corporation (NYSE:KIM) opened at 19.28 on Friday. Kimco Realty Corporation has a 12 month low of $17.02 and a 12 month high of $28.52. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 39.27 and a beta of 0.67. The stock’s 50 day moving average is $19.66 and its 200-day moving average is $19.68.
Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company had revenue of $292.84 million during the quarter, compared to analyst estimates of $290.95 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Kimco Realty Corporation will post $0.70 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 5.60%. Kimco Realty Corporation’s dividend payout ratio is currently 220.41%.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Mizuho reissued a “hold” rating and issued a $19.00 price objective on shares of Kimco Realty Corporation in a research report on Monday. Citigroup Inc. increased their price objective on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, August 14th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, August 18th. Finally, J P Morgan Chase & Co raised shares of Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research report on Tuesday, September 26th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Kimco Realty Corporation has a consensus rating of “Hold” and a consensus target price of $24.43.
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About Kimco Realty Corporation
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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