Whittier Trust Co. maintained its position in shares of Kimco Realty Corporation (NYSE:KIM) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,215 shares of the real estate investment trust’s stock at the end of the third quarter. Whittier Trust Co.’s holdings in Kimco Realty Corporation were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. British Columbia Investment Management Corp raised its position in shares of Kimco Realty Corporation by 10.8% in the third quarter. British Columbia Investment Management Corp now owns 306,228 shares of the real estate investment trust’s stock valued at $8,865,000 after buying an additional 29,846 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Kimco Realty Corporation 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 valued at $24,596,000 after buying an additional 15,658 shares during the period. BlackRock Inc. increased its stake in shares of Kimco Realty Corporation by 2.8% in the third quarter. BlackRock Inc. now owns 1,290,562 shares of the real estate investment trust’s stock valued at $37,362,000 after buying an additional 34,601 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Kimco Realty Corporation by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 10,950,509 shares of the real estate investment trust’s stock valued at $343,629,000 after buying an additional 792,610 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Kimco Realty Corporation by 4.6% in the third quarter. BlackRock Fund Advisors now owns 12,796,645 shares of the real estate investment trust’s stock valued at $370,463,000 after buying an additional 559,718 shares during the period. Institutional investors own 90.70% of the company’s stock.

Institutional Ownership by Quarter for Kimco Realty Corporation (NYSE:KIM)

Kimco Realty Corporation (NYSE:KIM) traded down 0.08% during mid-day trading on Friday, reaching $25.33. The company had a trading volume of 2,405,379 shares. Kimco Realty Corporation has a 12 month low of $24.35 and a 12 month high of $32.24. The stock has a market cap of $10.77 billion, a PE ratio of 16.99 and a beta of 0.79. The firm’s 50-day moving average price is $25.58 and its 200-day moving average price is $28.29.

Kimco Realty Corporation (NYSE:KIM) last issued its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. Kimco Realty Corporation had a return on equity of 12.62% and a net margin of 57.87%. The business had revenue of $285.08 million for the quarter, compared to analyst estimates of $288.31 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities research analysts forecast that Kimco Realty Corporation will post $0.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.26. Kimco Realty Corporation’s dividend payout ratio is 71.52%.

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Several brokerages recently issued reports on KIM. Wells Fargo & Company reissued a “hold” rating on shares of Kimco Realty Corporation in a report on Wednesday, November 30th. Vetr downgraded Kimco Realty Corporation from a “strong-buy” rating to a “buy” rating and set a $33.15 target price on the stock. in a research note on Thursday, September 22nd. Argus raised Kimco Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, November 25th. Raymond James Financial, Inc. raised Kimco Realty Corporation from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research note on Monday. Finally, Zacks Investment Research downgraded Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Kimco Realty Corporation has a consensus rating of “Hold” and a consensus price target of $31.08.

Kimco Realty Corporation Company Profile

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.

5 Day Chart for NYSE:KIM

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