Renaissance Technologies LLC Buys 20,400 Shares of Kimco Realty Corp (KIM)

Renaissance Technologies LLC grew its stake in Kimco Realty Corp (NYSE:KIM) by 29.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 89,800 shares of the real estate investment trust’s stock after buying an additional 20,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Kimco Realty were worth $1,526,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. lifted its stake in Kimco Realty by 27.9% during the second quarter. Whittier Trust Co. now owns 14,340 shares of the real estate investment trust’s stock worth $329,000 after purchasing an additional 3,125 shares during the last quarter. American Asset Management Inc. lifted its stake in Kimco Realty by 17.2% during the second quarter. American Asset Management Inc. now owns 21,800 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 3,200 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Kimco Realty by 6.1% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 64,145 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 3,666 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its stake in Kimco Realty by 5.1% during the second quarter. NN Investment Partners Holdings N.V. now owns 77,860 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 3,766 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in Kimco Realty by 9.5% during the second quarter. SeaCrest Wealth Management LLC now owns 49,929 shares of the real estate investment trust’s stock worth $848,000 after purchasing an additional 4,348 shares during the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.

KIM has been the subject of several recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $17.00 target price on shares of Kimco Realty in a research note on Friday, July 27th. Sandler O’Neill restated a “hold” rating and set a $18.00 target price on shares of Kimco Realty in a research note on Friday, July 27th. Wells Fargo & Co boosted their target price on Kimco Realty from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Monday, July 30th. ValuEngine upgraded Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Friday. Finally, Scotiabank initiated coverage on Kimco Realty in a research note on Tuesday, October 16th. They set an “underperform” rating for the company. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.15.



Shares of NYSE KIM opened at $15.92 on Tuesday. 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 twelve month low of $13.16 and a twelve month high of $19.53. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 3.37 and a beta of 0.38.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.17). Kimco Realty had a net margin of 40.14% and a return on equity of 8.74%. The firm had revenue of $283.08 million during the quarter, compared to analysts’ expectations of $281.73 million. As a group, sell-side analysts anticipate that Kimco Realty Corp will post 1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date is Monday, December 31st. Kimco Realty’s payout ratio is currently 72.26%.

In related news, Director Philip E. Coviello, Jr. bought 5,500 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were acquired at an average price of $16.46 per share, with a total value of $90,530.00. Following the completion of the acquisition, the director now owns 52,965 shares in the company, valued at approximately $871,803.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.

Kimco Realty Profile

Kimco Realty Corp. (NYSE: KIM) 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 June 30, 2018, the company owned interests in 460 U.S. shopping centers comprising 79 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

Further Reading: What are retained earnings?

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

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