Sarasin & Partners LLP decreased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,247 shares of the real estate investment trust’s stock after selling 3,906 shares during the period. Sarasin & Partners LLP’s holdings in Kimco Realty Corporation were worth $2,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning increased 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 in the last quarter. Private Asset Management Inc. increased its position in shares of Kimco Realty Corporation by 1.8% in the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 200 shares in the last quarter. Financial Advisory Service Inc. increased its position in shares of Kimco Realty Corporation by 1.1% in the second quarter. Financial Advisory Service Inc. now owns 11,327 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 127 shares in the last quarter. Suntrust Banks Inc. increased 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 in the last quarter. Finally, Global X Management Co. LLC increased 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 in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Kimco Realty Corporation (NYSE KIM) opened at 20.09 on Tuesday. The stock’s 50 day moving average is $19.33 and its 200 day moving average is $20.85. The firm has a market capitalization of $8.55 billion, a P/E ratio of 40.92 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 posted its quarterly earnings data 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. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company had revenue of $292.84 million for the quarter, compared to the consensus estimate of $290.95 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Kimco Realty Corporation will post $0.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio is currently 220.41%.

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KIM has been the subject of several research analyst reports. Canaccord Genuity restated a “buy” rating and set a $34.00 price objective on shares of Kimco Realty Corporation in a research report on Thursday, April 27th. Royal Bank Of Canada restated a “buy” rating and set a $25.00 price objective on shares of Kimco Realty Corporation in a research report on Friday, August 4th. BidaskClub upgraded shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. TheStreet downgraded shares of Kimco Realty Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, April 26th. Finally, ValuEngine downgraded shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.28.

In related news, Director Philip E. Coviello, Jr. acquired 20,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $17.37 per share, with a total value of $347,400.00. Following the acquisition, the director now owns 41,045 shares of the company’s stock, valued at approximately $712,951.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

About Kimco Realty Corporation

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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