Teacher Retirement System of Texas lowered its position in shares of Kimco Realty Corp. (NYSE:KIM) by 37.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,121 shares of the real estate investment trust’s stock after selling 181,081 shares during the period. Teacher Retirement System of Texas owned 0.07% of Kimco Realty Corp. worth $8,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in Kimco Realty Corp. by 27.7% in the first quarter. Envestnet Asset Management Inc. now owns 65,355 shares of the real estate investment trust’s stock worth $1,881,000 after buying an additional 14,167 shares during the last quarter. Arizona State Retirement System raised its position in Kimco Realty Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 112,186 shares of the real estate investment trust’s stock worth $3,229,000 after buying an additional 1,900 shares during the last quarter. Squarepoint Ops LLC raised its position in Kimco Realty Corp. by 237.3% in the first quarter. Squarepoint Ops LLC now owns 61,604 shares of the real estate investment trust’s stock worth $1,773,000 after buying an additional 43,338 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Kimco Realty Corp. by 18.7% in the second quarter. BNP Paribas Arbitrage SA now owns 135,637 shares of the real estate investment trust’s stock worth $4,256,000 after buying an additional 21,361 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in Kimco Realty Corp. during the second quarter worth $312,000. 90.77% of the stock is currently owned by institutional investors.

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

Shares of Kimco Realty Corp. (NYSE:KIM) traded down 1.88% during trading on Wednesday, reaching $25.55. 2,277,971 shares of the company traded hands. The company’s 50-day moving average price is $26.64 and its 200-day moving average price is $29.02. Kimco Realty Corp. has a 52 week low of $24.75 and a 52 week high of $32.24. The company has a market capitalization of $10.86 billion, a P/E ratio of 17.14 and a beta of 0.86.

Kimco Realty Corp. (NYSE:KIM) last posted its earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $285.08 million for 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 quarter in the prior year, the business earned $0.40 EPS. Equities research analysts forecast that Kimco Realty Corp. will post $1.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.08 annualized dividend and a yield of 4.15%. This is a boost from Kimco Realty Corp.’s previous quarterly dividend of $0.26. Kimco Realty Corp.’s dividend payout ratio is currently 67.55%.

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Several analysts have commented on KIM shares. JPMorgan Chase & Co. lifted their price objective on shares of Kimco Realty Corp. from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Canaccord Genuity lifted their price objective on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Deutsche Bank AG lifted their price objective on shares of Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. BTIG Research started coverage on shares of Kimco Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $34.00 price objective on the stock. Finally, Vetr raised shares of Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 price objective on the stock in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Kimco Realty Corp. presently has a consensus rating of “Hold” and a consensus target price of $31.67.

About Kimco Realty Corp.

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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