Schroder Investment Management Group continued to hold its position in Kimco Realty Corp (NYSE:KIM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,900 shares of the real estate investment trust’s stock at the end of the second quarter. Schroder Investment Management Group’s holdings in Kimco Realty Corp were worth $1,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of 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 during the last quarter. Global X Management Co. LLC raised its position in shares of 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 position in shares of 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 bought a new position in shares of Kimco Realty Corp during the first quarter valued at $203,000. Finally, Norinchukin Bank The raised its position in shares of 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 93.67% of the company’s stock.

Kimco Realty Corp (NYSE:KIM) traded up 0.30% during mid-day trading on Friday, hitting $30.01. 1,297,609 shares of the stock were exchanged. The company has a market cap of $12.61 billion, a P/E ratio of 16.81 and a beta of 1.05. Kimco Realty Corp has a one year low of $23.44 and a one year high of $32.24. The company has a 50-day moving average price of $29.91 and a 200-day moving average price of $29.42.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.02 annualized dividend and a dividend yield of 3.41%. Kimco Realty Corp’s dividend payout ratio is 56.98%.

Several research analysts have recently weighed in on KIM shares. Vetr lowered shares of Kimco Realty Corp from a “strong-buy” rating to a “buy” rating and set a $33.15 price objective on the stock. in a report on Thursday. Barclays PLC reiterated a “buy” rating and set a $34.00 price objective on shares of Kimco Realty Corp in a report on Tuesday, July 19th. Canaccord Genuity increased their price objective on shares of Kimco Realty Corp from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. BTIG Research started coverage on shares of Kimco Realty Corp in a report on Thursday, August 25th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Deutsche Bank AG increased their price objective on shares of Kimco Realty Corp from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 17th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.33.

In other news, Director Philip E. Coviello, Jr. purchased 1,000 shares of Kimco Realty Corp stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $31.17 per share, for a total transaction of $31,170.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 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.

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