Teachers Retirement System of The State of Kentucky increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 78.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 60,095 shares of the real estate investment trust’s stock after buying an additional 26,345 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimco Realty were worth $1,247,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pitcairn Co. increased its stake in Kimco Realty by 44.5% during the 3rd quarter. Pitcairn Co. now owns 18,516 shares of the real estate investment trust’s stock worth $384,000 after buying an additional 5,705 shares during the period. Alliancebernstein L.P. increased its stake in Kimco Realty by 26.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,067,235 shares of the real estate investment trust’s stock worth $22,145,000 after buying an additional 225,749 shares during the period. Avidian Wealth Solutions LLC purchased a new stake in Kimco Realty during the 3rd quarter worth $473,000. Jupiter Asset Management Ltd. increased its stake in Kimco Realty by 26.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 80,663 shares of the real estate investment trust’s stock worth $1,674,000 after buying an additional 17,016 shares during the period. Finally, Systematic Alpha Investments LLC purchased a new stake in Kimco Realty during the 3rd quarter worth $61,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CAO Paul Westbrook sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $23.81, for a total transaction of $95,240.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank Lourenso sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 21st. The shares were sold at an average price of $23.39, for a total transaction of $128,645.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
NYSE KIM opened at $25.01 on Friday. The company’s 50 day simple moving average is $23.78 and its 200 day simple moving average is $22.44. Kimco Realty Corp has a 12 month low of $15.91 and a 12 month high of $25.62. The company has a market capitalization of $15.42 billion, a P/E ratio of 13.09, a PEG ratio of 2.00 and a beta of 1.53.
Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, November 5th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.61. Kimco Realty had a net margin of 79.68% and a return on equity of 14.10%. The business had revenue of $368.00 million for the quarter, compared to analyst estimates of $281.88 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm’s revenue was up 43.4% compared to the same quarter last year. As a group, analysts forecast that Kimco Realty Corp will post 1.36 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Thursday, December 9th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. Kimco Realty’s dividend payout ratio is currently 35.60%.
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 December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
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