Crossmark Global Holdings Inc. bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 52,492 shares of the real estate investment trust’s stock, valued at approximately $1,026,000.
Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in Kimco Realty Corporation during the 3rd quarter valued at about $105,000. Carnegie Capital Asset Management LLC purchased a new position in Kimco Realty Corporation during the 2nd quarter valued at about $204,000. Pacer Advisors Inc. boosted its holdings in Kimco Realty Corporation by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 790 shares during the period. Eqis Capital Management Inc. purchased a new position in Kimco Realty Corporation during the 3rd quarter valued at about $201,000. Finally, First Allied Advisory Services Inc. boosted its holdings in Kimco Realty Corporation by 5.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 10,550 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 564 shares during the period. Institutional investors own 89.42% of the company’s stock.
A number of equities research analysts have issued reports on KIM shares. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. BidaskClub raised Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BMO Capital Markets started coverage on Kimco Realty Corporation in a research report on Monday, September 11th. They issued a “market perform” rating and a $21.00 price target on the stock. Zacks Investment Research raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Citigroup Inc. increased their price target on Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Kimco Realty Corporation currently has an average rating of “Hold” and an average target price of $24.25.
Shares of Kimco Realty Corporation (KIM) opened at $19.15 on Friday. 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 Corporation has a 12-month low of $17.02 and a 12-month high of $26.63. The firm has a market capitalization of $8,117.21, a PE ratio of 12.63, a PEG ratio of 2.21 and a beta of 0.65.
Kimco Realty Corporation (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a return on equity of 7.73% and a net margin of 35.51%. The business had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. During the same period last year, the business posted $0.38 EPS. Kimco Realty Corporation’s revenue was up 4.2% on a year-over-year basis. research analysts forecast that Kimco Realty Corporation will post 1.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Friday, December 29th. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s dividend payout ratio (DPR) is 125.58%.
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.
Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corporation (NYSE:KIM).
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.