AMP Capital Investors Ltd lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 430,831 shares of the real estate investment trust’s stock after selling 12,798 shares during the period. AMP Capital Investors Ltd’s holdings in Kimco Realty were worth $7,082,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. OppenheimerFunds Inc. grew its stake in Kimco Realty by 6.0% during the second quarter. OppenheimerFunds Inc. now owns 140,984 shares of the real estate investment trust’s stock worth $2,395,000 after buying an additional 8,022 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Kimco Realty by 6.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 533,500 shares of the real estate investment trust’s stock worth $8,930,000 after buying an additional 30,000 shares during the last quarter. Oakbrook Investments LLC grew its stake in Kimco Realty by 37.5% during the third quarter. Oakbrook Investments LLC now owns 23,851 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 6,500 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Kimco Realty by 1,385.7% during the second quarter. Meadow Creek Investment Management LLC now owns 323,268 shares of the real estate investment trust’s stock worth $5,492,000 after buying an additional 301,510 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in Kimco Realty during the second quarter worth about $1,484,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

KIM opened at $16.93 on Friday. Kimco Realty Corp has a one year low of $13.16 and a one year high of $18.86. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.90. The company has a market cap of $6.83 billion, a PE ratio of 10.92, a P/E/G ratio of 3.18 and a beta of 0.35.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.12 annualized dividend and a dividend yield of 6.62%. Kimco Realty’s dividend payout ratio (DPR) is currently 72.26%.

Several analysts have recently commented on the stock. ValuEngine raised shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Scotiabank assumed coverage on shares of Kimco Realty in a research note on Tuesday, October 16th. They set an “underperform” rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.00.

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About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of September 30, 2018, the company owned interests in 450 U.S. shopping centers comprising 78 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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

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