Sarasin Partners Llp buys $4,109,651 stake in Kimco Realty Corp (KIM)

Kimco Realty Corp (KIM) : Sarasin Partners Llp scooped up 2,993 additional shares in Kimco Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 146,303 shares of Kimco Realty Corp which is valued at $4,109,651.Kimco Realty Corp makes up approximately 0.07% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in KIM in the latest quarter, The investment management firm added 4,455 additional shares and now holds a total of 102,956 shares of Kimco Realty Corp which is valued at $2,892,034. Kimco Realty Corp makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in KIM by selling 1,372 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 107,254 shares of KIM which is valued at $2,991,314. Kimco Realty Corp makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio. Central Bank Trust Co sold out all of its stake in KIM during the most recent quarter. The investment firm sold 200 shares of KIM which is valued $5,578.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.

Kimco Realty Corp closed down -0.26 points or -0.92% at $28.09 with 17,89,607 shares getting traded on Friday. Post opening the session at $28.35, the shares hit an intraday low of $28.07 and an intraday high of $28.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 America’s 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.

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