Great West Life Assurance Co. Can cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 494,371 shares of the real estate investment trust’s stock after selling 90,144 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.12% of Kimco Realty worth $8,279,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in KIM. Principal Financial Group Inc. boosted its stake in shares of Kimco Realty by 4.2% during the first quarter. Principal Financial Group Inc. now owns 670,493 shares of the real estate investment trust’s stock worth $9,655,000 after buying an additional 27,134 shares during the period. Dupont Capital Management Corp boosted its stake in shares of Kimco Realty by 1,994.3% during the second quarter. Dupont Capital Management Corp now owns 56,568 shares of the real estate investment trust’s stock worth $961,000 after buying an additional 53,867 shares during the period. Aperio Group LLC boosted its stake in shares of Kimco Realty by 4.5% during the second quarter. Aperio Group LLC now owns 309,697 shares of the real estate investment trust’s stock worth $5,262,000 after buying an additional 13,354 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Kimco Realty during the second quarter worth about $981,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Kimco Realty during the second quarter worth about $1,585,000. 86.83% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. ValuEngine raised shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Scotiabank assumed coverage on shares of Kimco Realty in a report on Tuesday, October 16th. They set an “underperform” rating for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.00.
NYSE KIM opened at $16.93 on Friday. The stock has a market cap of $7.19 billion, a P/E ratio of 10.92, a PEG ratio of 3.35 and a beta of 0.35. Kimco Realty Corp has a 52-week low of $13.16 and a 52-week high of $18.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.09 and a quick ratio of 0.09.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.12 annualized dividend and a yield of 6.62%. Kimco Realty’s dividend payout ratio is currently 72.26%.
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About Kimco Realty
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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