Kimco Realty Corp (KIM) : Real Estate Management Services reduced its stake in Kimco Realty Corp by 22.68% during the most recent quarter end. The investment management company now holds a total of 676,200 shares of Kimco Realty Corp which is valued at $19,373,130 after selling 198,300 shares in Kimco Realty Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Kimco Realty Corp makes up approximately 3.09% of Real Estate Management Services’s portfolio.
Kimco Realty Corp closed down -0.01 points or -0.03% at $28.64 with 14,41,825 shares getting traded on Monday. Post opening the session at $28.64, the shares hit an intraday low of $28.41 and an intraday high of $28.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Muzinich added KIM to its portfolio by purchasing 7,132 company shares during the most recent quarter which is valued at $204,332. Kimco Realty Corp makes up approx 0.09% of Muzinich’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in KIM in the latest quarter, The investment management firm added 8,089 additional shares and now holds a total of 100,729 shares of Kimco Realty Corp which is valued at $2,885,886. Kimco Realty Corp makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.Capstone Asset Management Co reduced its stake in KIM by selling 3,150 shares or 6.35% in the most recent quarter. The Hedge Fund company now holds 46,461 shares of KIM which is valued at $1,331,108. Kimco Realty Corp makes up approx 0.04% of Capstone Asset Management Co’s portfolio. Iowa State Bank added KIM to its portfolio by purchasing 7,000 company shares during the most recent quarter which is valued at $198,450. Kimco Realty Corp makes up approx 0.11% of Iowa State Bank’s portfolio.
On the company’s financial health, Kimco Realty Corp reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.36. The company had revenue of $300.90 million for the quarter, compared to analysts expectations of $288.00 million. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Kimco Realty Corp. Mizuho Initiated Kimco Realty Corp on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $28.50.Company shares were Reiterated by Stifel on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .Company shares were Reiterated by Canaccord Genuity on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .
Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT) which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties aggregating 109.5 million square feet of gross leasable area (GLA) and 533 other property interests primarily through the Company’s preferred equity investments and other real estate investments totaling approximately 11.7 million square feet of GLA for a total of 1287 properties aggregating 121.2 million square feet of GLA located in 41 states in the United States and also in Puerto Rico Canada Mexico and Chile. The Company’s investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Company’s tenants include TJX Companies The Home Depot Wal-Mart Kohl’s and Bed Bath.