Menta Capital adds Kimco Realty Corp (KIM) to its portfolio

Kimco Realty Corp (KIM) : Menta Capital added new position in Kimco Realty Corp during the most recent quarter end. The investment management firm now holds 143,800 shares of Kimco Realty Corp which is valued at $4.1 Million , the company said in a statement filed on May 11, 2016 with the SEC.Kimco Realty Corp makes up approximately 0.57% of Menta Capital’s portfolio.

Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd boosted its stake in KIM in the latest quarter, The investment management firm added 225,433 additional shares and now holds a total of 1,407,682 shares of Kimco Realty Corp which is valued at $40.4 Million. Kimco Realty Corp makes up approx 1.25% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.State Treasurer State Of Michigan boosted its stake in KIM in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 142,446 shares of Kimco Realty Corp which is valued at $4.2 Million. Kimco Realty Corp makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Ifp Advisors Inc boosted its stake in KIM in the latest quarter, The investment management firm added 1,876 additional shares and now holds a total of 24,906 shares of Kimco Realty Corp which is valued at $736,969. Kimco Realty Corp makes up approx 0.04% of Ifp Advisors Inc’s portfolio.Commonwealth Equity Services Inc reduced its stake in KIM by selling 741 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 50,489 shares of KIM which is valued at $1.4 Million. Kimco Realty Corp makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Kimco Realty Corp opened for trading at $28.74 and hit $29.26 on the upside on Monday, eventually ending the session at $29.12, with a gain of 1.53% or 0.44 points. The heightened volatility saw the trading volume jump to 37,06,473 shares. Company has a market cap of $12,220 M.

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 Apr 27, 2016. Analyst had a consensus of $0.36. The company had revenue of $297.20 million for the quarter, compared to analysts expectations of $294.40 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Investors should note that on Apr 27, 2016, Kimco Realty Corp announced a cash dividend of $0.2550. The company’s management has announced Jul 1, 2016 as the ex-dividend date and fixed the record date on Jul 6, 2016. The payable date has been fixed on Jul 15, 2016.

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.

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