Alpine Woods Capital Investors LLC decreased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 50,000 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Kimco Realty Corporation were worth $918,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KIM. Rhumbline Advisers increased its stake in shares of Kimco Realty Corporation by 0.8% in the second quarter. Rhumbline Advisers now owns 812,680 shares of the real estate investment trust’s stock worth $14,913,000 after buying an additional 6,524 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Kimco Realty Corporation by 190.9% in the second quarter. First Trust Advisors LP now owns 1,573,882 shares of the real estate investment trust’s stock worth $28,881,000 after buying an additional 1,032,844 shares in the last quarter. New Jersey Better Educational Savings Trust purchased a new stake in shares of Kimco Realty Corporation during the second quarter worth approximately $459,000. Schwab Charles Investment Management Inc. increased its stake in shares of Kimco Realty Corporation by 11.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,547,968 shares of the real estate investment trust’s stock worth $65,106,000 after buying an additional 354,057 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Kimco Realty Corporation by 25.6% in the second quarter. Canada Pension Plan Investment Board now owns 1,276,466 shares of the real estate investment trust’s stock worth $23,423,000 after buying an additional 259,800 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Shares of Kimco Realty Corporation (NYSE KIM) opened at 19.68 on Thursday. The firm has a market capitalization of $8.38 billion, a PE ratio of 40.08 and a beta of 0.67. Kimco Realty Corporation has a 1-year low of $17.02 and a 1-year high of $30.71. The stock has a 50 day moving average price of $19.40 and a 200 day moving average price of $20.81.

Kimco Realty Corporation (NYSE:KIM) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.07. The company had revenue of $292.84 million for the quarter, compared to analyst estimates of $290.95 million. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. Equities research analysts anticipate that Kimco Realty Corporation will post $0.73 earnings per share for the current fiscal year.

The business also recently declared 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 is Tuesday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 5.49%. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.

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A number of analysts have commented on the company. Citigroup Inc. raised their price objective on Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a “neutral” rating in a research report on Monday. BidaskClub upgraded Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $25.00 price objective on shares of Kimco Realty Corporation in a research report on Friday, August 4th. Zacks Investment Research upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.28.

In related news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the stock in a transaction dated Monday, June 5th. The stock was bought at an average cost of $17.37 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by corporate 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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