Legal & General Group Plc boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,050,744 shares of the real estate investment trust’s stock after buying an additional 169,613 shares during the period. Legal & General Group Plc owned 0.72% of Kimco Realty Corporation worth $55,985,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its position in Kimco Realty Corporation by 2.2% in the first quarter. Great West Life Assurance Co. Can now owns 509,735 shares of the real estate investment trust’s stock valued at $11,248,000 after buying an additional 11,112 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Kimco Realty Corporation by 4.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 135,156 shares of the real estate investment trust’s stock valued at $2,986,000 after buying an additional 5,608 shares during the period. Canada Pension Plan Investment Board raised its position in Kimco Realty Corporation by 1,744.7% in the first quarter. Canada Pension Plan Investment Board now owns 1,016,666 shares of the real estate investment trust’s stock valued at $22,458,000 after buying an additional 961,552 shares during the period. Wells Fargo & Company MN raised its position in 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 valued at $21,719,000 after buying an additional 241,457 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Kimco Realty Corporation by 2.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 44,588 shares of the real estate investment trust’s stock valued at $985,000 after buying an additional 1,149 shares during the period. Hedge funds and other institutional investors own 88.97% of the company’s stock.

Kimco Realty Corporation (NYSE KIM) opened at 19.85 on Monday. Kimco Realty Corporation has a 12-month low of $17.02 and a 12-month high of $30.70. The stock has a market cap of $8.45 billion, a P/E ratio of 40.43 and a beta of 0.67. The stock has a 50 day moving average price of $19.60 and a 200-day moving average price of $20.58.

Kimco Realty Corporation (NYSE:KIM) last released its earnings results 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 net margin of 21.77% and a return on equity of 4.68%. The company had revenue of $292.84 million during the quarter, compared to the consensus estimate of $290.95 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Kimco Realty Corporation will post $0.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s payout ratio is presently 220.41%.

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Several equities research analysts have weighed in on the company. BidaskClub downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty Corporation in a report on Friday, July 28th. Citigroup Inc. boosted their price target on Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, August 14th. ValuEngine downgraded Kimco Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC decreased their price target on 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 assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $26.54.

In related news, Director Philip E. Coviello, Jr. bought 20,000 shares of Kimco Realty Corporation stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the completion of the purchase, the director now owns 41,045 shares in the company, valued at $712,951.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by company insiders.

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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