BlackRock Inc. grew its holdings in Kimco Realty Corporation (NYSE:KIM) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,368,865 shares of the real estate investment trust’s stock after buying an additional 1,506,999 shares during the period. BlackRock Inc. owned 9.72% of Kimco Realty Corporation worth $759,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Management Co. LLC raised its position in shares of Kimco Realty Corporation by 30.5% in the first quarter. Global X Management Co. LLC now owns 9,861 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 2,304 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Kimco Realty Corporation by 5.3% in the first quarter. Suntrust Banks Inc. now owns 9,930 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 504 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Kimco Realty Corporation by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 790 shares during the last quarter. Keybank National Association OH raised its position in shares of Kimco Realty Corporation by 25.1% in the first quarter. Keybank National Association OH now owns 10,623 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 2,133 shares during the last quarter. Finally, Creative Planning raised its position in shares of Kimco Realty Corporation by 31.8% in the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 2,715 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

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A number of brokerages have recently commented on KIM. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, August 18th. BidaskClub lowered shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a report on Friday, August 4th. Zacks Investment Research raised shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Barclays PLC reissued an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Kimco Realty Corporation in a report on Monday, July 10th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Kimco Realty Corporation presently has an average rating of “Hold” and an average target price of $26.03.

Shares of Kimco Realty Corporation (NYSE KIM) opened at 19.49 on Thursday. Kimco Realty Corporation has a 12 month low of $17.02 and a 12 month high of $30.24. The stock’s 50 day moving average is $19.97 and its 200 day moving average is $20.01. The firm has a market cap of $8.30 billion, a PE ratio of 39.69 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The firm had revenue of $292.84 million for the quarter, compared to analysts’ expectations of $290.95 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Kimco Realty Corporation will post $0.70 earnings per share for the current fiscal year.

The business 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 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio is presently 220.41%.

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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