Great West Life Assurance Co. Can decreased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 508,021 shares of the real estate investment trust’s stock after selling 1,714 shares during the period. Great West Life Assurance Co. Can’s holdings in Kimco Realty Corporation were worth $9,311,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kimco Realty Corporation by 2.0% in the first quarter. Vanguard Group Inc. now owns 72,545,930 shares of the real estate investment trust’s stock valued at $1,602,539,000 after buying an additional 1,433,878 shares in the last quarter. BlackRock Inc. increased its position in Kimco Realty Corporation by 2,779.7% in the first quarter. BlackRock Inc. now owns 39,861,866 shares of the real estate investment trust’s stock worth $880,549,000 after buying an additional 38,477,627 shares during the period. JPMorgan Chase & Co. increased its position in Kimco Realty Corporation by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 35,695,241 shares of the real estate investment trust’s stock worth $788,509,000 after buying an additional 2,483,036 shares during the period. State Street Corp increased its position in Kimco Realty Corporation by 1.5% in the first quarter. State Street Corp now owns 25,704,197 shares of the real estate investment trust’s stock worth $567,811,000 after buying an additional 386,582 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Kimco Realty Corporation by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 17,419,066 shares of the real estate investment trust’s stock worth $384,788,000 after buying an additional 275,336 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Kimco Realty Corporation (NYSE:KIM) opened at 20.46 on Friday. The company has a 50-day moving average price of $19.21 and a 200-day moving average price of $20.99. The company has a market capitalization of $8.71 billion, a PE ratio of 41.67 and a beta of 0.67. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $30.71.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $292.84 million for the quarter, compared to analysts’ expectations of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. Kimco Realty Corporation’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Analysts expect that Kimco Realty Corporation will post $0.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s payout ratio is 220.41%.

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KIM has been the topic of a number of research reports. Zacks Investment Research downgraded Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. Canaccord Genuity restated a “buy” rating and issued a $34.00 price target on shares of Kimco Realty Corporation in a research note on Thursday, April 27th. TheStreet downgraded Kimco Realty Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, April 26th. Citigroup Inc. dropped their price target on Kimco Realty Corporation from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. Finally, ValuEngine downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $27.15.

In other Kimco Realty Corporation news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the stock in a transaction on Monday, June 5th. The shares were bought at an average cost of $17.37 per share, with a total value of $347,400.00. Following the completion of the acquisition, the director now owns 41,045 shares in the company, valued at $712,951.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

Kimco Realty Corporation Company Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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

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