Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Kimco Realty Corp. (NYSE:KIM) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,353,446 shares of the real estate investment trust’s stock after buying an additional 410 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.32% of Kimco Realty Corp. worth $42,471,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wendell David Associates Inc. raised its stake in Kimco Realty Corp. by 3.3% in the second quarter. Wendell David Associates Inc. now owns 14,050 shares of the real estate investment trust’s stock worth $436,000 after buying an additional 450 shares during the period. DNB Asset Management AS raised its stake in Kimco Realty Corp. by 2.0% in the second quarter. DNB Asset Management AS now owns 30,356 shares of the real estate investment trust’s stock worth $953,000 after buying an additional 600 shares during the period. Conning Inc. raised its stake in Kimco Realty Corp. by 4.9% in the second quarter. Conning Inc. now owns 13,446 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 630 shares during the period. Bollard Group LLC raised its stake in Kimco Realty Corp. by 0.8% in the second quarter. Bollard Group LLC now owns 98,631 shares of the real estate investment trust’s stock worth $3,095,000 after buying an additional 768 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in Kimco Realty Corp. by 0.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 103,620 shares of the real estate investment trust’s stock worth $3,251,000 after buying an additional 800 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

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

Kimco Realty Corp. (NYSE:KIM) traded up 0.25% during midday trading on Tuesday, hitting $28.00. The stock had a trading volume of 1,554,446 shares. The company’s 50 day moving average price is $29.10 and its 200-day moving average price is $29.50. The stock has a market cap of $11.76 billion, a PE ratio of 15.69 and a beta of 0.95. Kimco Realty Corp. has a 52-week low of $24.75 and a 52-week high of $32.24.

The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Wednesday, October 5th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Monday, October 3rd. Kimco Realty Corp.’s dividend payout ratio is presently 56.98%.

KIM has been the subject of a number of recent analyst reports. Vetr downgraded Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 target price for the company. in a report on Thursday, September 22nd. Royal Bank Of Canada upped their target price on Kimco Realty Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Canaccord Genuity upped their target price on Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. RBC Capital Markets restated an “outperform” rating and set a $34.00 target price (up previously from $31.00) on shares of Kimco Realty Corp. in a report on Monday, August 1st. Finally, Citigroup Inc. downgraded Kimco Realty Corp. from a “buy” rating to a “neutral” rating and set a $32.00 target price for the company. in a report on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.59.

In related news, Director Philip E. Coviello, Jr. purchased 1,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of $31.17 per share, for a total transaction of $31,170.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Kimco Realty Corp. Company Profile

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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