Pacific Heights Asset Management LLC continued to hold its position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,000 shares of the real estate investment trust’s stock at the end of the second quarter. Pacific Heights Asset Management LLC’s holdings in Kimco Realty Corporation were worth $3,670,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of KIM. Creative Planning increased its position in shares of Kimco Realty Corporation by 31.8% in the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 2,715 shares during the last quarter. Private Asset Management Inc. increased its position in shares of Kimco Realty Corporation by 1.8% in the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 200 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Kimco Realty Corporation by 5.3% in the first quarter. Suntrust Banks Inc. now owns 9,930 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 504 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Kimco Realty Corporation by 30.5% in the first quarter. Global X Management Co. LLC now owns 9,861 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 2,304 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Kimco Realty Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,177 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 420 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.
Shares of Kimco Realty Corporation (KIM) opened at 19.74 on Thursday. The stock has a 50 day moving average of $18.64 and a 200 day moving average of $21.31. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $32.24. The stock has a market cap of $8.40 billion, a P/E ratio of 31.23 and a beta of 0.65.
Kimco Realty Corporation (NYSE:KIM) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.14 by $0.24. The firm had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. Kimco Realty Corporation had a return on equity of 5.78% and a net margin of 27.02%. Kimco Realty Corporation’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. Equities analysts expect that Kimco Realty Corporation will post $0.59 EPS for the current fiscal year.
Several research analysts have issued reports on the stock. Citigroup Inc. reissued a “neutral” rating and set a $19.50 price objective (down from $21.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. TheStreet downgraded shares of Kimco Realty Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, April 26th. Zacks Investment Research downgraded shares of Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. Barclays PLC reissued an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Finally, BidaskClub raised shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.07.
In other news, Director Philip E. Coviello, Jr. bought 20,000 shares of Kimco Realty Corporation stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average cost of $17.37 per share, with a total value of $347,400.00. Following the completion of the transaction, the director now directly owns 41,045 shares in the company, valued at $712,951.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip E. Coviello, Jr. bought 7,500 shares of Kimco Realty Corporation stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average cost of $19.44 per share, with a total value of $145,800.00. Following the completion of the transaction, the director now owns 41,045 shares of the company’s stock, valued at $797,914.80. The disclosure for this purchase can be found here. 2.90% of the stock is owned by company insiders.
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 December 31, 2016, the Company had interests in 525 shopping center properties, aggregating 85.4 million square feet of gross leasable area (GLA), located in 34 states, Puerto Rico and Canada.
Receive News & Ratings for Kimco Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
