Kimco Realty Corp (KIM) : Central Bank Trust Co has sold out all of its stake in Kimco Realty Corp during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 200 shares of Kimco Realty Corp which is valued at $5,578.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in KIM during the most recent quarter. The investment firm sold 4,189 shares of KIM which is valued $116,831.Chevy Chase Trust Holdings reduced its stake in KIM by selling 7,968 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 351,229 shares of KIM which is valued at $9,767,678. Kimco Realty Corp makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Eqis Capital Management boosted its stake in KIM in the latest quarter, The investment management firm added 2,258 additional shares and now holds a total of 13,177 shares of Kimco Realty Corp which is valued at $366,452. Kimco Realty Corp makes up approx 0.02% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in KIM in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 413 shares of Kimco Realty Corp which is valued at $11,486.
Kimco Realty Corp opened for trading at $27.87 and hit $28.33 on the upside on Friday, eventually ending the session at $27.89, with a gain of 0.72% or 0.2 points. The heightened volatility saw the trading volume jump to 41,01,950 shares. Company has a market cap of $11,715 M.
On the company’s financial health, Kimco Realty Corp reported $0.38 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $287.12 million for the quarter, compared to analysts expectations of $294.13 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Kimco Realty Corp. Company shares were Reiterated by Canaccord Genuity on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North Americas largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.