British Columbia Investment Management Corp increased its stake in shares of Kimco Realty Corp. (NYSE:KIM) by 10.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 306,228 shares of the real estate investment trust’s stock after buying an additional 29,846 shares during the period. British Columbia Investment Management Corp owned 0.07% of Kimco Realty Corp. worth $8,865,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Kimco Realty Corp. by 66.5% in the second quarter. Advisors Asset Management Inc. now owns 3,329 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,329 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Kimco Realty Corp. by 38.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,367 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 942 shares in the last quarter. Global X Management Co. LLC boosted its stake in Kimco Realty Corp. by 160.2% in the second quarter. Global X Management Co. LLC now owns 3,700 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 2,278 shares in the last quarter. Nuveen Fund Advisors LLC acquired a new stake in Kimco Realty Corp. during the second quarter worth $204,000. Finally, Bank of Nova Scotia boosted its stake in Kimco Realty Corp. by 6.7% in the second quarter. Bank of Nova Scotia now owns 8,240 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

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

Kimco Realty Corp. (NYSE:KIM) traded down 0.38% during trading on Monday, hitting $26.25. The company had a trading volume of 3,130,692 shares. The company’s 50 day moving average price is $26.69 and its 200-day moving average price is $29.05. The company has a market cap of $11.16 billion, a PE ratio of 17.61 and a beta of 0.86. Kimco Realty Corp. has a 12 month low of $24.75 and a 12 month high of $32.24.

Kimco Realty Corp. (NYSE:KIM) last posted its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company earned $285.08 million during the quarter, compared to analysts’ expectations of $288.31 million. Kimco Realty Corp. had a net margin of 57.87% and a return on equity of 12.62%. During the same period in the prior year, the company posted $0.40 EPS. Equities analysts expect that Kimco Realty Corp. will post $1.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be given a $0.27 dividend. This is a boost from Kimco Realty Corp.’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, December 29th. Kimco Realty Corp.’s dividend payout ratio is presently 67.55%.

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A number of analysts have weighed in on the company. Argus upgraded Kimco Realty Corp. from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday. Vetr cut Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 price target on the stock. in a research note on Thursday, September 22nd. Royal Bank Of Canada raised their price target on Kimco Realty Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 1st. Canaccord Genuity raised their price target on Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $34.00 price target (up from $31.00) on shares of Kimco Realty Corp. in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Kimco Realty Corp. currently has an average rating of “Buy” and a consensus target price of $31.67.

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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