Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kimco Realty Corporation (NYSE:KIM) by 258.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,165,353 shares of the real estate investment trust’s stock after buying an additional 840,124 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.27% of Kimco Realty Corporation worth $21,384,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its stake in shares of 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 worth $11,248,000 after buying an additional 11,112 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of 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 worth $2,986,000 after buying an additional 5,608 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of 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 worth $22,458,000 after buying an additional 961,552 shares in the last quarter. Wells Fargo & Company MN boosted its stake 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of 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 worth $985,000 after buying an additional 1,149 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 company has a market capitalization of $8.45 billion, a PE ratio of 40.43 and a beta of 0.67. Kimco Realty Corporation has a 52-week low of $17.02 and a 52-week high of $30.70. The company 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 posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.07. The company had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. Equities research analysts anticipate that Kimco Realty Corporation will post $0.74 earnings per share for the current year.

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

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A number of brokerages have recently commented on KIM. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, July 28th. BidaskClub raised Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research raised Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. boosted their price target on Kimco Realty Corporation from $19.50 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $25.00 price target on shares of Kimco Realty Corporation in a research report on Friday, August 4th. Ten equities research 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 company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.54.

In other Kimco Realty Corporation news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average price of $17.37 per share, for a total transaction of $347,400.00. Following the purchase, the director now directly owns 41,045 shares in the company, valued at $712,951.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is 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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