Shares of Kimco Realty Corp. (NYSE:KIM) dropped 2.3% during mid-day trading on Thursday . The company traded as low as $30.33 and last traded at $30.36, with a volume of 1,660,055 shares trading hands. The stock had previously closed at $31.07.

KIM has been the subject of a number of recent analyst reports. Canaccord Genuity reissued a “buy” rating and set a $31.00 target price on shares of Kimco Realty Corp. in a research note on Thursday, April 28th. Zacks Investment Research lowered shares of Kimco Realty Corp. from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Argus reissued a “neutral” rating on shares of Kimco Realty Corp. in a research note on Thursday, May 12th. Deutsche Bank AG reissued a “hold” rating and set a $27.00 target price on shares of Kimco Realty Corp. in a research note on Sunday, May 22nd. Finally, Boenning Scattergood initiated coverage on shares of Kimco Realty Corp. in a research note on Tuesday, June 28th. They set a “neutral” rating for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Kimco Realty Corp. currently has an average rating of “Buy” and an average price target of $30.13.

The company’s 50 day moving average is $31.24 and its 200-day moving average is $28.89. The stock has a market capitalization of $12.81 billion and a price-to-earnings ratio of 17.09.

Kimco Realty Corp. (NYSE:KIM) last issued its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. During the same period last year, the business earned $0.37 earnings per share. The company earned $287.12 million during the quarter, compared to analyst estimates of $291.96 million. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts predict that Kimco Realty Corp. will post $1.38 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Wednesday, October 5th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, October 3rd.

In related news, Director Philip E. Coviello, Jr. bought 1,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $31.17 per share, with a total value of $31,170.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several hedge funds have modified their holdings of the company. Alpine Woods Capital Investors LLC increased its stake in shares of Kimco Realty Corp. by 1.8% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 50,900 shares of the real estate investment trust’s stock worth $1,347,000 after buying an additional 900 shares during the last quarter. Eaton Vance Management increased its stake in shares of Kimco Realty Corp. by 4.0% in the fourth quarter. Eaton Vance Management now owns 99,576 shares of the real estate investment trust’s stock worth $2,635,000 after buying an additional 3,800 shares during the last quarter. KBC Group NV increased its stake in shares of Kimco Realty Corp. by 6.8% in the fourth quarter. KBC Group NV now owns 153,060 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 9,732 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Kimco Realty Corp. by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 615,129 shares of the real estate investment trust’s stock worth $16,276,000 after buying an additional 10,659 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Kimco Realty Corp. by 26.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 78,909 shares of the real estate investment trust’s stock worth $2,082,000 after buying an additional 16,652 shares during the last quarter.

Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.