Kimco Realty Corporation (KIM) Holdings Reduced by Eaton Vance Management

Eaton Vance Management reduced its position in Kimco Realty Corporation (NYSE:KIM) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 143,097 shares of the real estate investment trust’s stock after selling 506 shares during the period. Eaton Vance Management’s holdings in Kimco Realty Corporation were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Kimco Realty Corporation by 32.6% in the 1st quarter. Wells Fargo & Company MN now owns 983,249 shares of the real estate investment trust’s stock worth $21,719,000 after acquiring an additional 241,457 shares during the period. Cibc World Markets Corp grew its stake in Kimco Realty Corporation by 52.5% in the 1st quarter. Cibc World Markets Corp now owns 44,437 shares of the real estate investment trust’s stock worth $982,000 after acquiring an additional 15,301 shares during the period. BB&T Securities LLC grew its stake in Kimco Realty Corporation by 7.6% in the 1st quarter. BB&T Securities LLC now owns 130,979 shares of the real estate investment trust’s stock worth $2,893,000 after acquiring an additional 9,249 shares during the period. California Public Employees Retirement System grew its stake in Kimco Realty Corporation by 5.0% in the 1st quarter. California Public Employees Retirement System now owns 961,886 shares of the real estate investment trust’s stock worth $21,248,000 after acquiring an additional 45,900 shares during the period. Finally, Comerica Bank grew its stake in Kimco Realty Corporation by 6.5% in the 1st quarter. Comerica Bank now owns 143,904 shares of the real estate investment trust’s stock worth $2,974,000 after acquiring an additional 8,793 shares during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

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Kimco Realty Corporation (NYSE:KIM) opened at 20.03 on Tuesday. Kimco Realty Corporation has a 12-month low of $17.02 and a 12-month high of $30.24. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 40.79 and a beta of 0.67. The company’s 50 day moving average is $19.98 and its 200 day moving average is $20.04.

Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). The company had revenue of $292.84 million during the quarter, compared to analyst estimates of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. On average, equities analysts anticipate that Kimco Realty Corporation will post $0.70 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a yield of 5.39%. Kimco Realty Corporation’s dividend payout ratio is presently 220.41%.

Several analysts have commented on KIM shares. BMO Capital Markets started coverage on shares of Kimco Realty Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $21.00 target price for the company. Citigroup Inc. lifted their price target on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, August 14th. BidaskClub upgraded shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Kimco Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Eleven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.03.

About Kimco Realty Corporation

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. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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

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