Shell Asset Management Co. raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 10.4% during the third quarter, Holdings Channel reports. The institutional investor owned 76,041 shares of the real estate investment trust’s stock after buying an additional 7,142 shares during the period. Shell Asset Management Co.’s holdings in Kimco Realty Corporation were worth $2,201,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. British Columbia Investment Management Corp boosted its stake in 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 worth $8,865,000 after buying an additional 29,846 shares in the last quarter. New York State Teachers Retirement System raised its position 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 last quarter. Bank of New York Mellon Corp raised its position 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 last quarter. Oakbrook Investments LLC raised its position in shares of Kimco Realty Corporation by 6.3% in the second quarter. Oakbrook Investments LLC now owns 23,521 shares of the real estate investment trust’s stock valued at $738,000 after buying an additional 1,400 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Kimco Realty Corporation by 2.5% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 233,905 shares of the real estate investment trust’s stock valued at $7,340,000 after buying an additional 5,613 shares during the last quarter. Institutional investors own 90.70% of the company’s stock.

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

Shares of Kimco Realty Corporation (NYSE:KIM) opened at 25.33 on Friday. The firm has a market capitalization of $10.77 billion, a P/E ratio of 16.99 and a beta of 0.79. Kimco Realty Corporation has a 52-week low of $24.35 and a 52-week high of $32.24. The stock’s 50 day moving average is $25.58 and its 200-day moving average is $28.29.

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

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

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KIM has been the topic of several research reports. Zacks Investment Research lowered Kimco Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Vetr lowered Kimco Realty Corporation from a “strong-buy” rating to a “buy” rating and set a $33.15 price objective on the stock. in a report on Thursday, September 22nd. Stifel Nicolaus lowered Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Goldman Sachs Group, Inc. (The) lowered Kimco Realty Corporation from a “neutral” rating to a “sell” rating in a report on Tuesday, November 29th. Finally, Argus raised Kimco Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, November 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently 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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