Keybank National Association OH acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,863 shares of the real estate investment trust’s stock, valued at approximately $467,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Kimco Realty Corporation by 103.7% during the second quarter. Royal Bank of Canada now owns 126,830 shares of the real estate investment trust’s stock worth $2,327,000 after acquiring an additional 64,576 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Kimco Realty Corporation by 1.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,516,611 shares of the real estate investment trust’s stock worth $27,830,000 after acquiring an additional 14,883 shares during the period. GAM Holding AG raised its stake in Kimco Realty Corporation by 10.2% during the second quarter. GAM Holding AG now owns 81,733 shares of the real estate investment trust’s stock worth $1,500,000 after acquiring an additional 7,585 shares during the period. Andra AP fonden raised its stake in Kimco Realty Corporation by 40.1% during the second quarter. Andra AP fonden now owns 234,600 shares of the real estate investment trust’s stock worth $4,305,000 after acquiring an additional 67,200 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Kimco Realty Corporation by 26.2% during the second quarter. Goldman Sachs Group Inc. now owns 4,289,479 shares of the real estate investment trust’s stock worth $78,711,000 after acquiring an additional 891,461 shares during the period. Hedge funds and other institutional investors own 90.22% of the company’s stock.

Several research firms recently weighed in on KIM. BidaskClub upgraded shares of Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Citigroup Inc. raised their price target on shares of Kimco Realty Corporation from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Robert W. Baird restated a “buy” rating and issued a $23.00 price target on shares of Kimco Realty Corporation in a research note on Friday, November 10th. Boenning Scattergood restated a “hold” rating on shares of Kimco Realty Corporation in a research note on Friday, August 18th. Finally, J P Morgan Chase & Co upgraded shares of Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research note on Tuesday, September 26th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.25.

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Kimco Realty Corporation (NYSE KIM) opened at $19.35 on Friday. Kimco Realty Corporation has a 12 month low of $17.02 and a 12 month high of $26.63. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $8,220.00, a P/E ratio of 12.53, a P/E/G ratio of 2.20 and a beta of 0.66.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty Corporation had a net margin of 35.51% and a return on equity of 7.73%. The company had revenue of $290.92 million for the quarter, compared to analyst estimates of $295.34 million. During the same quarter in the prior year, the business earned $0.38 EPS. Kimco Realty Corporation’s revenue was up 4.2% compared to the same quarter last year. research analysts expect that Kimco Realty Corporation will post 1.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.27. Kimco Realty Corporation’s dividend payout ratio (DPR) is currently 158.82%.

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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