Trading Report: Today, Boston Common Asset Management LLC Sold shares of Kimco Realty Corp. (KIM)

Today, Boston Common Asset Management LLC Sold shares of Kimco Realty Corp. (KIM)

Boston Common Asset Management LLC decreased its stake in Kimco Realty Corp. (NYSE:KIM) by 40.6% during the third quarter, Holdings Channel reports. The fund owned 28,407 shares of the real estate investment trust’s stock after selling 19,453 shares during the period. Boston Common Asset Management LLC’s holdings in Kimco Realty Corp. were worth $822,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. New York State Teachers Retirement System raised its stake in Kimco Realty Corp. by 2.0% in the second quarter. New York State Teachers Retirement System now owns 783,808 shares of the real estate investment trust’s stock valued at $24,596,000 after buying an additional 15,658 shares in the last quarter. Arizona State Retirement System raised its stake in Kimco Realty Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 112,186 shares of the real estate investment trust’s stock valued at $3,229,000 after buying an additional 1,900 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Kimco Realty Corp. by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 10,950,509 shares of the real estate investment trust’s stock valued at $343,629,000 after buying an additional 792,610 shares in the last quarter. Renaissance Technologies LLC raised its stake in Kimco Realty Corp. by 3,935.2% in the first quarter. Renaissance Technologies LLC now owns 630,696 shares of the real estate investment trust’s stock valued at $18,151,000 after buying an additional 615,066 shares in the last quarter. Finally, Oakbrook Investments LLC raised its stake in Kimco Realty Corp. by 6.3% in the second quarter. Oakbrook Investments LLC now owns 23,521 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Shares of Kimco Realty Corp. (NYSE:KIM) traded up 1.46% during mid-day trading on Friday, hitting $26.45. The stock had a trading volume of 434,714 shares. The company has a 50-day moving average of $26.75 and a 200 day moving average of $29.07. Kimco Realty Corp. has a one year low of $24.75 and a one year high of $32.24. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 17.74 and a beta of 0.86.

Kimco Realty Corp. (NYSE:KIM) last released its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Kimco Realty Corp. had a return on equity of 12.62% and a net margin of 57.87%. The business earned $285.08 million during the quarter, compared to analyst estimates of $288.31 million. During the same quarter last year, the company posted $0.40 EPS. On average, equities research analysts forecast that Kimco Realty Corp. will post $1.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be given a $0.27 dividend. This is a positive change from Kimco Realty Corp.’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.14%. Kimco Realty Corp.’s dividend payout ratio (DPR) is 67.55%.

Several equities research analysts recently commented on the stock. RBC Capital Markets reiterated an “outperform” rating and issued a $34.00 price objective (up from $31.00) on shares of Kimco Realty Corp. in a research report on Monday, August 1st. Royal Bank Of Canada boosted their target price on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Canaccord Genuity boosted their target price on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty Corp. from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Finally, Vetr downgraded shares of Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 target price for the company. in a research note on Thursday, September 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.59.

About Kimco Realty Corp.

Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

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