Today, Quantitative Investment Management LLC Reduces Position in Kimco Realty Corp. (KIM)

Today, Quantitative Investment Management LLC Reduces Position in Kimco Realty Corp. (KIM)

Quantitative Investment Management LLC decreased its position in shares of Kimco Realty Corp. (NYSE:KIM) by 59.3% during the third quarter, Holdings Channel reports. The institutional investor owned 39,200 shares of the real estate investment trust’s stock after selling 57,100 shares during the period. Quantitative Investment Management LLC’s holdings in Kimco Realty Corp. were worth $1,134,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in KIM. Advisors Asset Management Inc. raised its stake in shares of Kimco Realty Corp. by 66.5% in the second quarter. Advisors Asset Management Inc. now owns 3,329 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,329 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Kimco Realty Corp. by 38.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,367 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 942 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Kimco Realty Corp. by 160.2% in the second quarter. Global X Management Co. LLC now owns 3,700 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,278 shares in the last quarter. Nuveen Fund Advisors LLC bought a new stake in shares of Kimco Realty Corp. during the second quarter worth $204,000. Finally, Magnetar Financial LLC bought a new stake in shares of Kimco Realty Corp. during the first quarter worth $203,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Kimco Realty Corp. (NYSE:KIM) traded up 1.07% during midday trading on Friday, hitting $26.35. The stock had a trading volume of 1,557,209 shares. Kimco Realty Corp. has a 52-week low of $24.75 and a 52-week high of $32.24. The firm has a 50-day moving average of $26.69 and a 200 day moving average of $29.05. The firm has a market capitalization of $11.20 billion, a P/E ratio of 17.67 and a beta of 0.86.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.10%. This is an increase from Kimco Realty Corp.’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 29th. Kimco Realty Corp.’s dividend payout ratio (DPR) is 67.55%.

A number of brokerages have weighed in on KIM. Argus upgraded shares of Kimco Realty Corp. from a “hold” rating to a “buy” rating in a research note on Friday. 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. BTIG Research began coverage on Kimco Realty Corp. in a research note on Thursday, August 25th. They issued a “buy” rating and a $34.00 price objective for the company. Vetr upgraded Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price objective for the company in a research note on Monday, September 12th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $34.00 price objective (up from $31.00) on shares of Kimco Realty Corp. in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average 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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