RMR Advisors LLC increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 14.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,226 shares of the real estate investment trust’s stock after acquiring an additional 25,226 shares during the period. Kimco Realty makes up about 1.3% of RMR Advisors LLC’s investment portfolio, making the stock its 21st largest position. RMR Advisors LLC’s holdings in Kimco Realty were worth $3,649,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Kimco Realty by 1.2% during the fourth quarter. BlackRock Inc. now owns 40,770,079 shares of the real estate investment trust’s stock worth $597,281,000 after acquiring an additional 482,878 shares during the period. Bank of New York Mellon Corp grew its holdings in Kimco Realty by 17.0% during the fourth quarter. Bank of New York Mellon Corp now owns 18,850,346 shares of the real estate investment trust’s stock worth $276,157,000 after acquiring an additional 2,739,388 shares during the period. Northern Trust Corp grew its holdings in Kimco Realty by 24.4% during the fourth quarter. Northern Trust Corp now owns 8,312,885 shares of the real estate investment trust’s stock worth $121,785,000 after acquiring an additional 1,629,720 shares during the period. Geode Capital Management LLC grew its holdings in Kimco Realty by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 7,138,547 shares of the real estate investment trust’s stock worth $104,438,000 after acquiring an additional 534,503 shares during the period. Finally, Deutsche Bank AG grew its holdings in Kimco Realty by 468.0% during the fourth quarter. Deutsche Bank AG now owns 5,837,415 shares of the real estate investment trust’s stock worth $85,510,000 after acquiring an additional 4,809,739 shares during the period. 87.11% of the stock is currently owned by hedge funds and other institutional investors.
NYSE KIM traded up $0.01 during trading on Wednesday, reaching $17.37. 81,942 shares of the company’s stock were exchanged, compared to its average volume of 2,942,303. Kimco Realty Corp has a fifty-two week low of $13.16 and a fifty-two week high of $18.64. The firm has a market capitalization of $7.33 billion, a PE ratio of 11.99, a PEG ratio of 3.70 and a beta of 0.64. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.90.
Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.18). Kimco Realty had a return on equity of 8.84% and a net margin of 41.49%. The business had revenue of $284.20 million for the quarter, compared to analyst estimates of $278.28 million. Research analysts anticipate that Kimco Realty Corp will post 1.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.12 annualized dividend and a dividend yield of 6.45%. Kimco Realty’s dividend payout ratio is 77.24%.
In other news, Director Richard B. Saltzman sold 5,500 shares of Kimco Realty stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $18.39, for a total transaction of $101,145.00. Following the completion of the sale, the director now directly owns 81,335 shares in the company, valued at approximately $1,495,750.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David Jamieson sold 16,435 shares of Kimco Realty stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $18.33, for a total value of $301,253.55. Following the sale, the chief operating officer now owns 94,211 shares of the company’s stock, valued at $1,726,887.63. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
A number of research analysts recently issued reports on KIM shares. Zacks Investment Research raised Kimco Realty from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, December 31st. ValuEngine raised Kimco Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Evercore ISI cut Kimco Realty from an “in-line” rating to an “underperform” rating in a research note on Monday, April 1st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.60.
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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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