Louisiana State Employees Retirement System raised its stake in Kimco Realty Corporation (NYSE:KIM) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 26,400 shares of the real estate investment trust’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Kimco Realty Corporation were worth $484,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KIM. Creative Planning boosted its stake 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 period. Private Asset Management Inc. boosted its stake 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 during the period. Suntrust Banks Inc. boosted its stake 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 period. Global X Management Co. LLC boosted its stake 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 period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Kimco Realty Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,177 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 420 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

Shares of Kimco Realty Corporation (KIM) traded down 2.30% during mid-day trading on Friday, hitting $19.99. The company had a trading volume of 3,203,958 shares. The company has a market capitalization of $8.51 billion, a P/E ratio of 40.71 and a beta of 0.67. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $30.70. The firm’s 50-day moving average price is $19.27 and its 200 day moving average price is $20.95.

Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ 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 business 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 business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Kimco Realty Corporation will post $0.68 earnings per share for the current fiscal year.

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 5.40%. Kimco Realty Corporation’s dividend payout ratio is presently 220.41%.

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KIM has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $34.00 target price on shares of Kimco Realty Corporation in a research report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kimco Realty Corporation in a research report on Friday, August 4th. BidaskClub raised Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. TheStreet cut Kimco Realty Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, April 26th. Finally, ValuEngine cut 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Kimco Realty Corporation presently has a consensus rating of “Buy” and a consensus target price of $27.15.

In other Kimco Realty Corporation news, Director Philip E. Coviello, Jr. bought 20,000 shares of the stock in a transaction dated Monday, June 5th. The shares were bought at an average cost of $17.37 per share, with a total value of $347,400.00. Following the completion of the acquisition, the director now owns 41,045 shares of the company’s stock, valued at $712,951.65. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by company insiders.

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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