Timbercreek Investment Management Inc. Sells 9,700 Shares of Kimco Realty Corp (KIM)

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Timbercreek Investment Management Inc. decreased its stake in Kimco Realty Corp (NYSE:KIM) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 267,707 shares of the real estate investment trust’s stock after selling 9,700 shares during the period. Timbercreek Investment Management Inc.’s holdings in Kimco Realty were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Virginia Retirement Systems ET AL raised its stake in Kimco Realty by 1.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 257,100 shares of the real estate investment trust’s stock valued at $4,304,000 after acquiring an additional 3,200 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Kimco Realty by 5.4% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 67,609 shares of the real estate investment trust’s stock valued at $1,132,000 after acquiring an additional 3,464 shares in the last quarter. Stoneridge Investment Partners LLC raised its stake in Kimco Realty by 12.6% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 33,997 shares of the real estate investment trust’s stock valued at $569,000 after acquiring an additional 3,800 shares in the last quarter. Dupont Capital Management Corp raised its stake in Kimco Realty by 7.6% during the 3rd quarter. Dupont Capital Management Corp now owns 60,859 shares of the real estate investment trust’s stock valued at $1,019,000 after acquiring an additional 4,291 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in Kimco Realty by 8.3% during the 3rd quarter. Norinchukin Bank The now owns 62,523 shares of the real estate investment trust’s stock valued at $1,047,000 after acquiring an additional 4,805 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KIM stock traded up $0.05 during mid-day trading on Friday, hitting $15.85. 113,602 shares of the stock traded hands, compared to its average volume of 3,613,772. Kimco Realty Corp has a twelve month low of $13.16 and a twelve month high of $17.96. The stock has a market cap of $6.63 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 3.10 and a beta of 0.45.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 7.07%. The ex-dividend date is Monday, December 31st. Kimco Realty’s dividend payout ratio (DPR) is presently 72.26%.

KIM has been the topic of several recent analyst reports. Zacks Investment Research raised Kimco Realty from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, December 31st. ValuEngine raised Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Finally, Scotiabank initiated coverage on Kimco Realty in a research note on Tuesday, October 16th. They set an “underperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Kimco Realty presently has a consensus rating of “Hold” and a consensus price target of $17.75.

In other news, Director Philip E. Coviello, Jr. purchased 5,000 shares of the stock in a transaction dated Thursday, December 20th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $74,550.00. Following the transaction, the director now owns 52,965 shares in the company, valued at $789,708.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

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Kimco Realty Profile

Kimco Realty Corp. 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 September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM).

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

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