Virginia Retirement Systems ET AL lowered its stake in Kimco Realty Corporation (NYSE:KIM) by 14.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,440 shares of the real estate investment trust’s stock after selling 41,000 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.06% of Kimco Realty Corporation worth $4,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Kimco Realty Corporation by 32.6% in the first quarter. Wells Fargo & Company MN now owns 983,249 shares of the real estate investment trust’s stock worth $21,719,000 after buying an additional 241,457 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Kimco Realty Corporation by 16.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 55,841 shares of the real estate investment trust’s stock worth $1,234,000 after buying an additional 7,928 shares during the period. Cibc World Markets Corp boosted its position in shares of Kimco Realty Corporation by 52.5% in the first quarter. Cibc World Markets Corp now owns 44,437 shares of the real estate investment trust’s stock worth $982,000 after buying an additional 15,301 shares during the period. BB&T Securities LLC boosted its position in shares of Kimco Realty Corporation by 7.6% in the first quarter. BB&T Securities LLC now owns 130,979 shares of the real estate investment trust’s stock worth $2,893,000 after buying an additional 9,249 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Kimco Realty Corporation by 5.0% in the first quarter. California Public Employees Retirement System now owns 961,886 shares of the real estate investment trust’s stock worth $21,248,000 after buying an additional 45,900 shares during the period. 91.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Kimco Realty Corporation (NYSE:KIM) opened at 19.85 on Friday. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $30.70. The stock has a 50 day moving average of $19.60 and a 200 day moving average of $20.58. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 40.43 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 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 business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. On average, analysts predict that Kimco Realty Corporation will post $0.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders 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 yield of 5.44%. Kimco Realty Corporation’s dividend payout ratio (DPR) is currently 220.41%.

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KIM has been the subject of a number of research analyst reports. BidaskClub raised shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Citigroup Inc. dropped their target price on shares of Kimco Realty Corporation from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Zacks Investment Research cut shares of Kimco Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Boenning Scattergood reaffirmed a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. Finally, Barclays PLC dropped their target price on shares of Kimco Realty Corporation from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, June 26th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.54.

In related news, Director Philip E. Coviello, Jr. bought 20,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $17.37 per share, for a total transaction of $347,400.00. Following the acquisition, the director now owns 41,045 shares of the company’s stock, valued at approximately $712,951.65. The purchase was disclosed in a filing with the SEC, which is available at this link. 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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