As Kimco Realty Corp (KIM) Valuation Declined, Cleararc Capital INC Has Increased Stake

February 21, 2018 - By Vivian Currie

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.06, from 1.19 in 2017Q2. It is positive, as 37 investors sold KIM shares while 107 reduced holdings. 61 funds opened positions while 119 raised stakes. 385.41 million shares or 3.38% more from 372.80 million shares in 2017Q2 were reported. Minnesota-based Us Fincl Bank De has invested 0.01% in Kimco Realty Corporation (NYSE:KIM). Moreover, Next Financial Grp Inc has 0.01% invested in Kimco Realty Corporation (NYSE:KIM). Mufg Americas Corp holds 5,100 shares. Commonwealth Equity Svcs has invested 0.01% in Kimco Realty Corporation (NYSE:KIM). Davis Selected Advisers holds 0.04% in Kimco Realty Corporation (NYSE:KIM) or 461,480 shares. Bank Of Nova Scotia reported 73,827 shares. 16.79 million were reported by Financial Bank Of Mellon Corporation. Federated Pa reported 0% of its portfolio in Kimco Realty Corporation (NYSE:KIM). First Trust Lp owns 1.27 million shares. Principal Financial holds 0.01% of its portfolio in Kimco Realty Corporation (NYSE:KIM) for 632,346 shares. Amica Retiree Medical reported 2,275 shares. Rhumbline Advisers, Massachusetts-based fund reported 817,925 shares. The Ohio-based Strs Ohio has invested 0.05% in Kimco Realty Corporation (NYSE:KIM). Forward Mgmt Ltd Llc holds 40,800 shares or 0.09% of its portfolio. Prudential Fincl Incorporated holds 581,151 shares or 0.02% of its portfolio.

Cleararc Capital Inc increased its stake in Kimco Realty Corp (KIM) by 1752.53% based on its latest 2017Q3 regulatory filing with the SEC. Cleararc Capital Inc bought 182,736 shares as the company’s stock declined 23.76% while stock markets rallied. The institutional investor held 193,163 shares of the real estate investment trusts company at the end of 2017Q3, valued at $3.78 million, up from 10,427 at the end of the previous reported quarter. Cleararc Capital Inc who had been investing in Kimco Realty Corp for a number of months, seems to be bullish on the $6.43 billion market cap company. The stock decreased 0.92% or $0.14 during the last trading session, reaching $15.11. About 758,673 shares traded. Kimco Realty Corporation (NYSE:KIM) has declined 31.73% since February 21, 2017 and is downtrending. It has underperformed by 48.43% the S&P500.

More notable recent Kimco Realty Corporation (NYSE:KIM) news were published by: Seekingalpha.com which released: “Kimco Realty: Understand Why This Yields 7%” on February 06, 2018, also Newsday.com with their article: “Kimco Realty net rises, aided by the sale of properties” published on February 15, 2018, Seekingalpha.com published: “A Look At 2017 And Beyond For Kimco” on February 18, 2018. More interesting news about Kimco Realty Corporation (NYSE:KIM) were released by: Seekingalpha.com and their article: “Kimco Realty: 7% Covered Dividend, Oversold, And A Strong Portfolio” published on January 31, 2018 as well as Seekingalpha.com‘s news article titled: “Kimco: Get Paid To Wait” with publication date: February 14, 2018.

Kimco Realty Corporation (NYSE:KIM) Ratings Coverage

Among 20 analysts covering Kimco Realty (NYSE:KIM), 5 have Buy rating, 0 Sell and 15 Hold. Therefore 25% are positive. Kimco Realty had 49 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Kimco Realty Corporation (NYSE:KIM) has “Overweight” rating given on Tuesday, September 26 by JP Morgan. The firm earned “Buy” rating on Friday, November 25 by Argus Research. The stock of Kimco Realty Corporation (NYSE:KIM) earned “Hold” rating by Boenning & Scattergood on Friday, July 28. The stock of Kimco Realty Corporation (NYSE:KIM) has “Overweight” rating given on Tuesday, December 15 by Barclays Capital. The company was downgraded on Friday, December 15 by J.P. Morgan. Mizuho maintained the shares of KIM in report on Monday, December 18 with “Hold” rating. The rating was initiated by BMO Capital Markets on Monday, September 11 with “Hold”. The company was upgraded on Tuesday, June 20 by Goldman Sachs. The stock of Kimco Realty Corporation (NYSE:KIM) has “Neutral” rating given on Friday, December 16 by JP Morgan. The stock of Kimco Realty Corporation (NYSE:KIM) earned “Sell” rating by Goldman Sachs on Tuesday, November 29.

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