Profund Advisors LLC Has $495000 Position in Kimco Realty Corporation (KIM)
Jun 21 2017
The firm owned 22,393 shares of the real estate investment trust's stock after buying an additional 67 shares during the period. Kimco Realty had 25 analyst reports since July 22, 2015 according to SRatingsIntel. Moreover, Banc Funds Co Llc has 1.36% invested in the company for 1.47 million shares. Virginia Retirement Systems ET AL boosted its stake in shares of Kimco Realty Corporation by 10.4% in the third quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Kimco Realty Corporation by 3.9% in the first quarter. United Services Automobile Association now owns 139,425 shares of the real estate investment trust's stock valued at $4,036,000 after buying an additional 8,757 shares during the period. Robeco Institutional Asset Management Bv stated it has 228,027 shares or 0.04% of all its holdings. Kimco Realty Corporation had a net margin of 27.02% and a return on equity of 5.78%. Alpha One also gave media stories about the real estate investment trust an impact score of 88 out of 100, indicating that recent news coverage is very likely to have an impact on the company's share price in the near term. Canaccord Genuity maintained the shares of KIM in report on Friday, April 28 with "Buy" rating. Kimco Realty Corporation's revenue was down 1.2% compared to the same quarter past year. During the trading on 06/19/2017, Company's stock ranged from $18.52 to $17.97. Following the purchase, the director now owns 41,045 shares of the company's stock, valued at $797,914.80.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -26.36%, and has a poor year to date (YTD) performance of -28.97% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
Shares of Kimco Realty Corporation (KIM) touched the day high at $18.52 while its day Low was at $17.82. Meanwhile, due to a recent pullback which led to a fall of nearly -28.89% in the past one month, the stock price is now with underperforming -27.58% so far on the year - still in weak zone.
Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings results on Wednesday, April 26th. This represents a $1.08 dividend on an annualized basis and a yield of 6.04%. The business had revenue of $293.60 million for the quarter, compared to analyst estimates of $291.46 million. Analysts are expecting EPS growth rates to be at -65.80% this quarter and EPS estimate for next year reflect 7.74% growth rate. During the same quarter previous year, the company earned $0.37 earnings per share. As of the latest earnings report the EPS was $0.63 and is expected to be $0.59 for the current year with 425,655,000 shares now outstanding.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. The ex-dividend date of this dividend is Monday, July 3rd. Kimco Realty Corporation's payout ratio is now 168.75%.
COPYRIGHT VIOLATION WARNING: "UBS Group AG Sells 43,132 Shares of Kimco Realty Corporation (KIM)" was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & global trademark & copyright legislation. Kimco Realty Corp (NYSE:KIM) has declined 31.73% since June 20, 2016 and is downtrending.
A number of equities analysts have weighed in on KIM shares.
Over the last 5 years, Kimco Realty Corporation has averaged a 28.20% YoY EPS growth rate and a 7.50% revenue growth rate. The stock has "Buy" rating by Argus Research on Friday, November 25. The stock of Kimco Realty Corp (NYSE:KIM) earned "Hold" rating by Deutsche Bank on Wednesday, August 17. Goldman Sachs downgraded the shares of KIM in report on Tuesday, November 29 to "Sell" rating. The company now has a consensus rating of "Hold" and a consensus target price of $28.20. Also, Director Philip E. Coviello, Jr. bought 20,000 shares of the company's stock in a transaction that occurred on Monday, June 5th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The shares were bought at an average cost of $19.44 per share, with a total value of $145,800.00. The disclosure for this purchase can be found here. Ra Capital Management Llc owns 2.25 million shares or 0.49% of their USA portfolio.
Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores.