The Virginia Retirement Systems ET AL Acquires 19,300 Shares of Kimco Realty Corp. (KIM)

The Virginia Retirement Systems ET AL Acquires 19,300 Shares of Kimco Realty Corp. (KIM)

Virginia Retirement Systems ET AL raised its stake in shares of Kimco Realty Corp. (NYSE:KIM) by 10.4% during the third quarter, Holdings Channel reports. The fund owned 204,740 shares of the real estate investment trust’s stock after buying an additional 19,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Kimco Realty Corp. were worth $5,927,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. British Columbia Investment Management Corp boosted its position in Kimco Realty Corp. by 10.8% in the third quarter. British Columbia Investment Management Corp now owns 306,228 shares of the real estate investment trust’s stock valued at $8,865,000 after buying an additional 29,846 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Kimco Realty Corp. by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 10,950,509 shares of the real estate investment trust’s stock valued at $343,629,000 after buying an additional 792,610 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Kimco Realty Corp. by 2.5% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 233,905 shares of the real estate investment trust’s stock valued at $7,340,000 after buying an additional 5,613 shares in the last quarter. National Pension Service boosted its position in Kimco Realty Corp. by 9.4% in the third quarter. National Pension Service now owns 346,470 shares of the real estate investment trust’s stock valued at $10,030,000 after buying an additional 29,870 shares in the last quarter. Finally, Conning Inc. boosted its position in Kimco Realty Corp. by 4.9% in the second quarter. Conning Inc. now owns 13,446 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 630 shares in the last quarter. 90.69% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Corp. (NYSE:KIM) opened at 25.15 on Friday. Kimco Realty Corp. has a 52-week low of $24.35 and a 52-week high of $32.24. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 16.87 and a beta of 0.79. The stock’s 50 day moving average is $25.58 and its 200-day moving average is $28.29.

Kimco Realty Corp. (NYSE:KIM) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $285.08 million for the quarter, compared to the consensus estimate of $288.31 million. Kimco Realty Corp. had a net margin of 57.87% and a return on equity of 12.62%. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities research analysts anticipate that Kimco Realty Corp. will post $0.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were given a dividend of $0.27 per share. This is an increase from Kimco Realty Corp.’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, December 29th. This represents a $1.08 dividend on an annualized basis and a yield of 4.29%. Kimco Realty Corp.’s dividend payout ratio is 71.52%.

Several equities analysts have commented on KIM shares. Zacks Investment Research cut shares of Kimco Realty Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Stifel Nicolaus cut shares of Kimco Realty Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Vetr raised shares of Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 target price on the stock in a research report on Thursday, September 29th. Goldman Sachs Group Inc. cut shares of Kimco Realty Corp. from a “neutral” rating to a “sell” rating in a research report on Tuesday, November 29th. Finally, Argus raised shares of Kimco Realty Corp. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, November 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Kimco Realty Corp. currently has a consensus rating of “Hold” and an average price target of $31.08.

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.

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