Kimco Realty Corporation (KIM) Shares Bought by Dupont Capital Management Corp
Dupont Capital Management Corp lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 2,103.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,389 shares of the real estate investment trust’s stock after buying an additional 38,556 shares during the period. Dupont Capital Management Corp’s holdings in Kimco Realty Corporation were worth $790,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in KIM. Hamlin Capital Management LLC acquired a new position in shares of Kimco Realty Corporation during the second quarter worth $57,217,000. FMR LLC increased its holdings in shares of Kimco Realty Corporation by 24.5% during the second quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 2,408,799 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Kimco Realty Corporation by 3.8% during the second quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock worth $759,119,000 after buying an additional 1,506,999 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Kimco Realty Corporation by 4,014.9% during the second quarter. Commonwealth Bank of Australia now owns 1,147,429 shares of the real estate investment trust’s stock worth $21,054,000 after buying an additional 1,119,544 shares in the last quarter. Finally, Third Avenue Management LLC acquired a new position in shares of Kimco Realty Corporation during the third quarter worth $21,120,000. Institutional investors own 89.42% of the company’s stock.
Shares of Kimco Realty Corporation (KIM) opened at $19.15 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $8,151.25, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. Kimco Realty Corporation has a 1 year low of $17.02 and a 1 year high of $26.63.
Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The firm had revenue of $290.92 million for the quarter, compared to the consensus estimate of $295.34 million. Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. equities research analysts expect that Kimco Realty Corporation will post 1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a yield of 5.85%. This is a boost from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s dividend payout ratio is 125.58%.
KIM has been the subject of several research analyst reports. J P Morgan Chase & Co upgraded shares of Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a report on Tuesday, September 26th. BidaskClub downgraded shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. Citigroup Inc. upped their price target on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a research note on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.25.
Kimco Realty Corporation 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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