Kimco Realty Corporation (KIM) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in Kimco Realty Corporation (NYSE:KIM) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,400 shares of the real estate investment trust’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Kimco Realty Corporation were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KIM. Creative Planning increased its stake in Kimco Realty Corporation by 31.8% in the second quarter. Creative Planning now owns 11,257 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 2,715 shares during the last quarter. Private Asset Management Inc. increased its stake in Kimco Realty Corporation by 1.8% in the second quarter. Private Asset Management Inc. now owns 11,338 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 200 shares during the last quarter. Suntrust Banks Inc. increased its stake in Kimco Realty Corporation by 5.3% in the first quarter. Suntrust Banks Inc. now owns 9,930 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 504 shares during the last quarter. Global X Management Co. LLC increased its stake in Kimco Realty Corporation by 30.5% in the first quarter. Global X Management Co. LLC now owns 9,861 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 2,304 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Kimco Realty Corporation by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,177 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 420 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

Kimco Realty Corporation (KIM) traded down 2.30% during trading on Friday, hitting $19.99. The stock had a trading volume of 3,203,958 shares. The firm’s 50-day moving average price is $19.27 and its 200-day moving average price is $20.95. The stock has a market cap of $8.51 billion, a PE ratio of 40.71 and a beta of 0.67. Kimco Realty Corporation has a 1-year low of $17.02 and a 1-year high of $30.70.

Kimco Realty Corporation (NYSE:KIM) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share 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 the consensus estimate 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 revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. On average, equities research analysts predict that Kimco Realty Corporation will post $0.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Tuesday, October 3rd. Kimco Realty Corporation’s dividend payout ratio is presently 220.41%.

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A number of research firms have commented on KIM. Zacks Investment Research upgraded Kimco Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub upgraded Kimco Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup Inc. reiterated a “neutral” rating and set a $19.50 target price (down from $21.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. TheStreet downgraded Kimco Realty Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, April 26th. Finally, Barclays PLC reiterated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of Kimco Realty Corporation in a research report on Monday, July 10th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.15.

In related news, Director Philip E. Coviello, Jr. acquired 20,000 shares of Kimco Realty Corporation stock in a transaction dated Monday, June 5th. The stock was acquired at an average cost of $17.37 per share, with a total value of $347,400.00. Following the purchase, the director now directly owns 41,045 shares in the company, valued at approximately $712,951.65. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company 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.

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

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