AMP Capital Investors Ltd cut its holdings in Kimco Realty Corp (NYSE:KIM) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,831 shares of the real estate investment trust’s stock after selling 12,798 shares during the period. AMP Capital Investors Ltd owned approximately 0.10% of Kimco Realty worth $7,082,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of KIM. Mandatum Life Insurance Co Ltd boosted its holdings in Kimco Realty by 26.8% during the third quarter. Mandatum Life Insurance Co Ltd now owns 36,102 shares of the real estate investment trust’s stock valued at $604,000 after acquiring an additional 7,638 shares during the period. Aviva PLC boosted its holdings in Kimco Realty by 4.0% during the third quarter. Aviva PLC now owns 1,012,540 shares of the real estate investment trust’s stock valued at $16,950,000 after acquiring an additional 39,328 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kimco Realty by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,862,687 shares of the real estate investment trust’s stock valued at $114,877,000 after acquiring an additional 128,954 shares during the period. Panagora Asset Management Inc. boosted its holdings in Kimco Realty by 8.2% during the third quarter. Panagora Asset Management Inc. now owns 1,630,332 shares of the real estate investment trust’s stock valued at $27,292,000 after acquiring an additional 123,518 shares during the period. Finally, Independent Advisor Alliance bought a new stake in Kimco Realty during the third quarter valued at about $344,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.
KIM has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on shares of Kimco Realty in a report on Tuesday, October 16th. They set an “underperform” rating for the company. ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
Shares of KIM opened at $16.93 on Friday. The stock has a market cap of $6.83 billion, a PE ratio of 10.92, a P/E/G ratio of 3.18 and a beta of 0.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.09 and a quick ratio of 0.09. Kimco Realty Corp has a 52 week low of $13.16 and a 52 week high of $18.86.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Monday, December 31st. Kimco Realty’s dividend payout ratio is currently 72.26%.
Kimco Realty Profile
Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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