Kimco Realty Co. (KIM) Stake Held by JPMORGAN CHASE & COMPANY
JPMORGAN CHASE & COMPANY
disclosed that they own 3.9% of Kimco Realty Co. (NYSE:KIM) in a Schedule 13G/A disclosure that was filed with the SEC on Tuesday, November 7th. The investor owns 16,667,866 shares of the stock valued at approximately $313,689,238. The disclosure is available through Edgar at this link.
Other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of Kimco Realty in the 3rd quarter worth about $105,000. Pacer Advisors Inc. lifted its position in shares of Kimco Realty 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 buying an additional 790 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of Kimco Realty in the 3rd quarter worth about $201,000. Stoneridge Investment Partners LLC bought a new position in shares of Kimco Realty in the 3rd quarter worth about $203,000. Finally, Carnegie Capital Asset Management LLC bought a new position in shares of Kimco Realty in the 2nd quarter worth about $204,000. Institutional investors own 89.42% of the company’s stock.
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Kimco Realty Co. (NYSE KIM) traded up $0.19 during trading on Tuesday, reaching $18.82. 4,660,000 shares of the company’s stock traded hands, compared to its average volume of 3,530,000. The firm has a market cap of $8,010.00, a PE ratio of 12.30, a price-to-earnings-growth ratio of 2.02 and a beta of 0.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. Kimco Realty Co. has a 52-week low of $17.02 and a 52-week high of $26.63.
Kimco Realty (NYSE:KIM) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. Kimco Realty had a net margin of 17.85% and a return on equity of 4.68%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. equities research analysts anticipate that Kimco Realty Co. will post 1.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.28 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 annualized dividend and a yield of 5.95%. Kimco Realty’s dividend payout ratio (DPR) is presently 158.82%.
A number of research firms recently weighed in on KIM. BidaskClub cut shares of Kimco Realty from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty in a report on Friday, August 4th. Zacks Investment Research raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Kimco Realty in a report on Monday, July 10th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $24.43.
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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