Virginia Retirement Systems ET AL purchased a new position in Kimco Realty Corp. (NYSE:KIM) during the second quarter, Holdings Channel reports. The fund purchased 185,440 shares of the real estate investment trust’s stock, valued at approximately $5,819,000.

A number of other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in Kimco Realty Corp. by 66.5% in the second quarter. Advisors Asset Management Inc. now owns 3,329 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,329 shares in the last quarter. Global X Management Co. LLC raised its stake in Kimco Realty Corp. by 160.2% in the second quarter. Global X Management Co. LLC now owns 3,700 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,278 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Kimco Realty Corp. by 10.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,809 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 538 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Kimco Realty Corp. during the first quarter valued at approximately $203,000. Finally, Norinchukin Bank The raised its stake in Kimco Realty Corp. by 6.2% in the second quarter. Norinchukin Bank The now owns 9,204 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 538 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.

Kimco Realty Corp. (NYSE:KIM) opened at 28.91 on Tuesday. Kimco Realty Corp. has a 52-week low of $23.44 and a 52-week high of $32.24. The company has a market capitalization of $12.14 billion, a P/E ratio of 16.20 and a beta of 1.05. The stock’s 50 day moving average price is $30.11 and its 200-day moving average price is $29.41.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Wednesday, October 5th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, October 3rd. Kimco Realty Corp.’s dividend payout ratio (DPR) is 56.98%.

KIM has been the subject of several research reports. Boenning Scattergood initiated coverage on shares of Kimco Realty Corp. in a research report on Tuesday, June 28th. They set a “neutral” rating for the company. Citigroup Inc. lowered shares of Kimco Realty Corp. from a “buy” rating to a “neutral” rating and set a $32.00 price target for the company. in a research report on Thursday, July 7th. Barclays PLC reaffirmed a “buy” rating and set a $34.00 price target on shares of Kimco Realty Corp. in a research report on Tuesday, July 19th. Royal Bank Of Canada upped their price target on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $34.00 price target (up previously from $31.00) on shares of Kimco Realty Corp. in a research report on Monday, August 1st. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.33.

In other news, Director Philip E. Coviello, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $31.17 per share, with a total value of $31,170.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.

About Kimco Realty Corp.

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 550 shopping center properties, aggregating over 88 million square feet of gross leasable area (GLA), located in approximately 36 states of the United States, Puerto Rico and Canada.

5 Day Chart for NYSE:KIM

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).

Receive News & Ratings for Kimco Realty Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty Corp. and related companies with MarketBeat.com's FREE daily email newsletter.