Teacher Retirement System of Texas lowered its position in Kimco Realty Corp. (NYSE:KIM) by 37.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 308,121 shares of the real estate investment trust’s stock after selling 181,081 shares during the period. Teacher Retirement System of Texas’ holdings in Kimco Realty Corp. were worth $8,920,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Financial Advisory Service Inc. boosted its stake in Kimco Realty Corp. by 0.8% in the third quarter. Financial Advisory Service Inc. now owns 10,993 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 85 shares during the last quarter. Synovus Financial Corp boosted its stake in Kimco Realty Corp. by 0.6% in the second quarter. Synovus Financial Corp now owns 15,780 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 94 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Kimco Realty Corp. by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 10,451 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 213 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Kimco Realty Corp. by 1.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 16,009 shares of the real estate investment trust’s stock worth $502,000 after buying an additional 213 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in Kimco Realty Corp. by 2.6% in the second quarter. First Allied Advisory Services Inc. now owns 9,598 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 240 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

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

Kimco Realty Corp. (NYSE:KIM) traded down 1.88% on Wednesday, reaching $25.55. 2,277,971 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $26.64 and a 200-day moving average price of $29.02. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 17.14 and a beta of 0.86. Kimco Realty Corp. has a 52 week low of $24.75 and a 52 week high of $32.24.

Kimco Realty Corp. (NYSE:KIM) last announced its earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business earned $285.08 million during the quarter, compared to the consensus estimate of $288.31 million. Kimco Realty Corp. had a return on equity of 12.62% and a net margin of 57.87%. During the same period in the prior year, the company posted $0.40 EPS. On average, analysts predict that Kimco Realty Corp. will post $1.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.15%. This is an increase from Kimco Realty Corp.’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, December 29th. Kimco Realty Corp.’s dividend payout ratio is presently 67.55%.

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A number of equities research analysts have commented on the stock. Vetr cut shares of Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 target price on the stock. in a research note on Thursday, September 22nd. Argus raised shares of Kimco Realty Corp. from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, November 25th. Goldman Sachs Group Inc. lowered shares of Kimco Realty Corp. from a “neutral” rating to a “sell” rating in a report on Tuesday. Canaccord Genuity increased their price objective on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty Corp. from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.67.

Kimco Realty Corp. Company Profile

Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

5 Day Chart for NYSE:KIM

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