Alliancebernstein L.P. lowered its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987,888 shares of the real estate investment trust’s stock after selling 20,557 shares during the quarter. Alliancebernstein L.P. owned about 0.23% of Kimco Realty Corporation worth $18,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. BB&T Securities LLC boosted its position in Kimco Realty Corporation by 7.6% during the first quarter. BB&T Securities LLC now owns 130,979 shares of the real estate investment trust’s stock valued at $2,893,000 after purchasing an additional 9,249 shares in the last quarter. California Public Employees Retirement System boosted its position in Kimco Realty Corporation by 5.0% during the first quarter. California Public Employees Retirement System now owns 961,886 shares of the real estate investment trust’s stock valued at $21,248,000 after purchasing an additional 45,900 shares in the last quarter. Comerica Bank boosted its position in Kimco Realty Corporation by 6.5% during the first quarter. Comerica Bank now owns 143,904 shares of the real estate investment trust’s stock valued at $2,974,000 after purchasing an additional 8,793 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Kimco Realty Corporation by 1.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,516,611 shares of the real estate investment trust’s stock valued at $27,830,000 after purchasing an additional 14,883 shares in the last quarter. Finally, GAM Holding AG boosted its position in Kimco Realty Corporation by 10.2% during the second quarter. GAM Holding AG now owns 81,733 shares of the real estate investment trust’s stock valued at $1,500,000 after purchasing an additional 7,585 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently weighed in on the company. BidaskClub raised Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Citigroup Inc. increased their price target on Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a research note on Friday, August 18th. Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 price target on shares of Kimco Realty Corporation in a research note on Friday, August 4th. Finally, Barclays PLC decreased their price target on Kimco Realty Corporation from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, June 26th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Kimco Realty Corporation has an average rating of “Hold” and an average target price of $26.03.

Kimco Realty Corporation (NYSE:KIM) opened at 19.18 on Friday. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $30.24. The stock has a market capitalization of $8.16 billion, a PE ratio of 39.06 and a beta of 0.67. The stock has a 50 day moving average price of $19.97 and a 200 day moving average price of $20.01.

Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The firm had revenue of $292.84 million during the quarter, compared to analyst estimates of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Equities analysts forecast that Kimco Realty Corporation will post $0.70 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be given a $0.27 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.63%. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.

Kimco Realty Corporation 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.

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

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