Teachers Advisors LLC lowered its position in Kimco Realty Corporation (NYSE:KIM) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,026,607 shares of the real estate investment trust’s stock after selling 7,778 shares during the period. Teachers Advisors LLC owned about 0.24% of Kimco Realty Corporation worth $22,678,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KIM. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Kimco Realty Corporation by 6.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,887 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 366 shares during the last quarter. Suntrust Banks Inc. boosted 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 worth $218,000 after buying an additional 504 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position 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 worth $231,000 after buying an additional 420 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Kimco Realty Corporation during the first quarter worth approximately $235,000. Finally, Keybank National Association OH boosted its position in shares of Kimco Realty Corporation by 25.1% in the first quarter. Keybank National Association OH now owns 10,623 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 2,133 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

Shares of Kimco Realty Corporation (NYSE:KIM) traded up 0.69% on Monday, hitting $20.46. 2,282,616 shares of the stock traded hands. The stock’s 50 day moving average price is $18.86 and its 200 day moving average price is $21.15. The stock has a market cap of $8.71 billion, a P/E ratio of 41.67 and a beta of 0.67. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $31.63.

Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.07. The business had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. On average, equities analysts expect that Kimco Realty Corporation will post $0.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio is currently 220.41%.

TRADEMARK VIOLATION WARNING: “Teachers Advisors LLC Has $22.68 Million Stake in Kimco Realty Corporation (NYSE:KIM)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/07/kimco-realty-corporation-nysekim-shares-sold-by-teachers-advisors-llc-updated-updated-updated.html.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a research report on Friday. Zacks Investment Research upgraded shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. Barclays PLC restated an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $19.50 target price (down previously from $21.00) on shares of Kimco Realty Corporation in a research note on Monday, July 10th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $27.15.

In other Kimco Realty Corporation news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $17.37 per share, with a total value of $347,400.00. Following the purchase, the director now owns 41,045 shares in the company, valued at $712,951.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip E. Coviello, Jr. purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average cost of $19.44 per share, for a total transaction of $145,800.00. Following the completion of the purchase, the director now owns 41,045 shares in the company, valued at approximately $797,914.80. The disclosure for this purchase can be found here. Company 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.

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

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