ProShare Advisors LLC cut its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 13.3% during the third quarter, Holdings Channel reports. The institutional investor owned 163,447 shares of the real estate investment trust’s stock after selling 25,084 shares during the period. ProShare Advisors LLC’s holdings in Kimco Realty Corporation were worth $4,732,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Kimco Realty Corporation by 93.2% in the second quarter. American Century Companies Inc. now owns 2,329,333 shares of the real estate investment trust’s stock valued at $73,094,000 after buying an additional 1,123,959 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Kimco Realty Corporation by 20.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 22,342 shares of the real estate investment trust’s stock valued at $701,000 after buying an additional 3,780 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Kimco Realty Corporation by 1.1% in the second quarter. Retirement Systems of Alabama now owns 213,941 shares of the real estate investment trust’s stock valued at $6,713,000 after buying an additional 2,275 shares during the last quarter. Conning Inc. raised its position in shares of Kimco Realty Corporation by 4.9% in the second quarter. Conning Inc. now owns 13,446 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 630 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Kimco Realty Corporation by 1.1% in the second quarter. Strs Ohio now owns 672,520 shares of the real estate investment trust’s stock valued at $21,103,000 after buying an additional 7,642 shares during the last quarter. 90.70% of the stock is owned by hedge funds and other institutional investors.

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

Kimco Realty Corporation (NYSE:KIM) traded down 0.24% during midday trading on Friday, hitting $25.29. The company’s stock had a trading volume of 1,297,125 shares. The company has a market cap of $10.75 billion, a PE ratio of 16.96 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 has a 50 day moving average of $25.59 and a 200 day moving average of $28.32.

Kimco Realty Corporation (NYSE:KIM) last posted its earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $285.08 million for the quarter, compared to the consensus estimate of $288.31 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities analysts expect that Kimco Realty Corporation will post $0.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Thursday, December 29th. This is an increase from Kimco Realty Corporation’s previous quarterly dividend of $0.26. Kimco Realty Corporation’s dividend payout ratio (DPR) is 71.52%.

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KIM has been the topic of several recent analyst reports. Vetr lowered Kimco Realty Corporation from a “strong-buy” rating to a “buy” rating and set a $33.15 price target on the stock. in a research note on Thursday, September 22nd. Stifel Nicolaus lowered Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Zacks Investment Research lowered Kimco Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Argus upgraded Kimco Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 25th. Finally, Goldman Sachs Group, Inc. (The) lowered Kimco Realty Corporation from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.08.

About Kimco Realty Corporation

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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