Vetr cut shares of Kimco Realty Corp. (NYSE:KIM) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning. Vetr currently has $33.15 target price on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. Citigroup Inc. cut 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. Royal Bank Of Canada lifted their price target on Kimco Realty Corp. from $31.00 to $34.00 and gave the company an outperform rating in a research report on Monday, August 1st. Canaccord Genuity lifted their price target on Kimco Realty Corp. from $31.00 to $34.00 and gave the company a buy rating in a research report on Tuesday, August 16th. RBC Capital Markets reiterated an outperform rating and issued a $34.00 price target (up from $31.00) on shares of Kimco Realty Corp. in a research report on Monday, August 1st. Finally, Boenning Scattergood began coverage on Kimco Realty Corp. in a research report on Tuesday, June 28th. They issued a neutral rating for the company. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $31.33.

Kimco Realty Corp. (NYSE:KIM) opened at 29.92 on Thursday. The company has a market capitalization of $12.57 billion, a P/E ratio of 16.76 and a beta of 1.05. The firm has a 50-day moving average price of $29.91 and a 200 day moving average price of $29.42. Kimco Realty Corp. has a 52-week low of $23.44 and a 52-week high of $32.24.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders 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 3.41%. The ex-dividend date is Monday, October 3rd. Kimco Realty Corp.’s dividend payout ratio (DPR) is presently 56.98%.

In related news, Director Philip E. Coviello, Jr. bought 1,000 shares of the stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $31.17 per share, with a total value of $31,170.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in KIM. Geode Capital Management LLC raised its stake in Kimco Realty Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 4,074,851 shares of the real estate investment trust’s stock worth $117,076,000 after buying an additional 101,403 shares during the period. National Pension Service raised its stake in Kimco Realty Corp. by 4.5% in the first quarter. National Pension Service now owns 304,104 shares of the real estate investment trust’s stock worth $8,752,000 after buying an additional 13,231 shares during the period. New York State Teachers Retirement System raised its stake in Kimco Realty Corp. by 2.0% in the second quarter. New York State Teachers Retirement System now owns 783,808 shares of the real estate investment trust’s stock worth $24,596,000 after buying an additional 15,658 shares during the period. Arizona State Retirement System raised its stake in Kimco Realty Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 112,186 shares of the real estate investment trust’s stock worth $3,229,000 after buying an additional 1,900 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Kimco Realty Corp. by 3,935.2% in the first quarter. Renaissance Technologies LLC now owns 630,696 shares of the real estate investment trust’s stock worth $18,151,000 after buying an additional 615,066 shares during the period. 93.67% of the stock is owned by institutional investors.

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.

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