Kimco Realty Corp (KIM) Stake Lowered by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its position in shares of Kimco Realty Corp (NYSE:KIM) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,431 shares of the real estate investment trust’s stock after selling 14,836 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Kimco Realty were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. grew its position in Kimco Realty by 35.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,176 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 566 shares in the last quarter. Washington Trust Bank grew its position in Kimco Realty by 2.7% in the first quarter. Washington Trust Bank now owns 21,627 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 575 shares in the last quarter. SG Americas Securities LLC grew its position in Kimco Realty by 0.3% in the first quarter. SG Americas Securities LLC now owns 213,328 shares of the real estate investment trust’s stock worth $3,947,000 after acquiring an additional 585 shares in the last quarter. Quadrant Capital Group LLC grew its position in Kimco Realty by 29.9% in the first quarter. Quadrant Capital Group LLC now owns 2,889 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 665 shares in the last quarter. Finally, Hartford Investment Management Co. grew its position in Kimco Realty by 1.1% in the fourth quarter. Hartford Investment Management Co. now owns 66,007 shares of the real estate investment trust’s stock worth $967,000 after acquiring an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 87.12% of the company’s stock.

NYSE KIM opened at $18.34 on Monday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.92. Kimco Realty Corp has a 12-month low of $13.86 and a 12-month high of $18.64. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.11 and a beta of 0.61.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12). Kimco Realty had a net margin of 39.40% and a return on equity of 8.37%. The business had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $282.49 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts predict that Kimco Realty Corp will post 1.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.12 annualized dividend and a yield of 6.11%. Kimco Realty’s payout ratio is 77.24%.

In other Kimco Realty news, COO David Jamieson sold 16,435 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $18.33, for a total transaction of $301,253.55. Following the completion of the sale, the chief operating officer now directly owns 94,211 shares in the company, valued at $1,726,887.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard B. Saltzman sold 5,500 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $18.39, for a total transaction of $101,145.00. Following the sale, the director now owns 81,335 shares of the company’s stock, valued at $1,495,750.65. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

Several research analysts recently issued reports on KIM shares. Zacks Investment Research lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. ValuEngine upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Evercore ISI lowered shares of Kimco Realty from an “in-line” rating to an “underperform” rating in a research report on Monday, April 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Kimco Realty currently has an average rating of “Hold” and an average target price of $17.75.

ILLEGAL ACTIVITY WARNING: “Kimco Realty Corp (KIM) Stake Lowered by Public Employees Retirement Association of Colorado” was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/05/13/kimco-realty-corp-kim-stake-lowered-by-public-employees-retirement-association-of-colorado.html.

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 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.

Read More: Insider Trading

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM).

Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.