The Kimco Realty Corp. (KIM) Position Held by Pensionfund Sabic

The Kimco Realty Corp. (KIM) Position Held by Pensionfund Sabic

Pensionfund Sabic maintained its stake in shares of Kimco Realty Corp. (NYSE:KIM) during the third quarter, Holdings Channel reports. The fund owned 20,295 shares of the real estate investment trust’s stock at the end of the third quarter. Pensionfund Sabic’s holdings in Kimco Realty Corp. were worth $588,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KIM. Advisors Asset Management Inc. boosted 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 valued at $104,000 after buying an additional 1,329 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $105,000 after buying an additional 942 shares in the last quarter. Global X Management Co. LLC raised its position in 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 valued at $116,000 after buying an additional 2,278 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in Kimco Realty Corp. during the second quarter valued at $204,000. Finally, Bank of Nova Scotia raised its position in Kimco Realty Corp. by 6.7% in the second quarter. Bank of Nova Scotia now owns 8,240 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 520 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kimco Realty Corp. (NYSE:KIM) traded up 1.07% during mid-day trading on Friday, hitting $26.35. 1,557,209 shares of the stock were exchanged. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 17.67 and a beta of 0.86. The stock’s 50-day moving average is $26.69 and its 200-day moving average is $29.05. Kimco Realty Corp. has a 52 week low of $24.75 and a 52 week high of $32.24.

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 analysts’ consensus estimates of $0.17 by $0.01. Kimco Realty Corp. had a net margin of 57.87% and a return on equity of 12.62%. The company had revenue of $285.08 million for the quarter, compared to analyst estimates of $288.31 million. During the same period last year, the firm earned $0.40 earnings per share. Analysts forecast that Kimco Realty Corp. will post $1.32 earnings per share for the current fiscal year.

The company 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 dividend of $0.27 per share. This is a positive change from Kimco Realty Corp.’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Thursday, December 29th. Kimco Realty Corp.’s dividend payout ratio (DPR) is presently 67.55%.

Several research analysts have recently weighed in on KIM shares. Royal Bank Of Canada boosted their price objective on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. RBC Capital Markets restated an “outperform” rating and set a $34.00 price objective (up from $31.00) on shares of Kimco Realty Corp. in a research note on Monday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Kimco Realty Corp. from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Canaccord Genuity boosted their price objective on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, Deutsche Bank AG boosted their price objective on shares of Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $31.67.

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.

Related posts

Leave a Comment