Lasalle Investment Management Securities LLC continued to hold its position in Kimco Realty Corporation (NYSE:KIM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,700 shares of the real estate investment trust’s stock at the end of the second quarter. Lasalle Investment Management Securities LLC’s holdings in Kimco Realty Corporation were worth $1,719,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Kimco Realty Corporation by 2.0% in the first quarter. Vanguard Group Inc. now owns 72,545,930 shares of the real estate investment trust’s stock worth $1,602,539,000 after buying an additional 1,433,878 shares in the last quarter. BlackRock Inc. raised its position in Kimco Realty Corporation by 2,779.7% in the first quarter. BlackRock Inc. now owns 39,861,866 shares of the real estate investment trust’s stock worth $880,549,000 after buying an additional 38,477,627 shares in the last quarter. JPMorgan Chase & Co. raised its position in Kimco Realty Corporation by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 35,695,241 shares of the real estate investment trust’s stock worth $788,509,000 after buying an additional 2,483,036 shares in the last quarter. State Street Corp raised its position in Kimco Realty Corporation by 1.5% in the first quarter. State Street Corp now owns 25,704,197 shares of the real estate investment trust’s stock worth $567,811,000 after buying an additional 386,582 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Kimco Realty Corporation by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 18,014,750 shares of the real estate investment trust’s stock worth $330,570,000 after buying an additional 595,684 shares in the last quarter. 88.97% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Corporation (NYSE KIM) opened at 19.85 on Monday. The stock’s 50 day moving average is $19.60 and its 200-day moving average is $20.58. Kimco Realty Corporation has a 52 week low of $17.02 and a 52 week high of $30.70. The stock has a market capitalization of $8.45 billion, a PE ratio of 40.43 and a beta of 0.67.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.07. Kimco Realty Corporation had a return on equity of 4.68% and a net margin of 21.77%. The firm had revenue of $292.84 million for the quarter, compared to the consensus estimate of $290.95 million. During the same period in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Kimco Realty Corporation will post $0.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be given 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 is 220.41%.

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KIM has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. Citigroup Inc. raised their price objective on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. ValuEngine downgraded shares of Kimco Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Barclays PLC reduced their price objective on shares of Kimco Realty Corporation from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, June 26th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Kimco Realty Corporation presently has an average rating of “Hold” and a consensus target price of $26.54.

In other news, Director Philip E. Coviello, Jr. acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of $17.37 per share, with a total value of $347,400.00. Following the completion of the transaction, the director now directly owns 41,045 shares of the company’s stock, valued at approximately $712,951.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

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.

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

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