KBC Group NV raised its stake in shares of Kimco Realty Corp. (NYSE:KIM) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 263,007 shares of the real estate investment trust’s stock after buying an additional 25,742 shares during the period. KBC Group NV’s holdings in Kimco Realty Corp. were worth $7,614,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in shares of Kimco Realty Corp. by 66.5% in the second quarter. Advisors Asset Management Inc. now owns 3,329 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,329 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Kimco Realty Corp. by 38.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,367 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 942 shares during the period. Global X Management Co. LLC increased its stake in shares of Kimco Realty Corp. by 160.2% in the second quarter. Global X Management Co. LLC now owns 3,700 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 2,278 shares during the period. Nuveen Fund Advisors LLC acquired a new stake in shares of Kimco Realty Corp. during the second quarter valued at about $204,000. Finally, Bank of Nova Scotia increased its stake in shares of Kimco Realty Corp. by 6.7% in the second quarter. Bank of Nova Scotia now owns 8,240 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 520 shares during the period. 90.77% of the stock is currently owned by institutional investors.

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

Kimco Realty Corp. (NYSE:KIM) traded down 1.210% during midday trading on Wednesday, hitting $25.725. 2,558,737 shares of the stock traded hands. The company has a 50-day moving average price of $26.64 and a 200-day moving average price of $29.02. The firm has a market cap of $10.93 billion, a P/E ratio of 17.254 and a beta of 0.86. Kimco Realty Corp. has a 1-year low of $24.75 and a 1-year high of $32.24.

Kimco Realty Corp. (NYSE:KIM) last announced its quarterly earnings results on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 57.87% and a return on equity of 12.62%. During the same quarter last year, the firm earned $0.40 EPS. Analysts predict that Kimco Realty Corp. will post $1.32 EPS for the current year.

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

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KIM has been the subject of a number of analyst reports. 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 research report on Friday, November 25th. Canaccord Genuity boosted their price objective on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. BTIG Research initiated coverage on shares of Kimco Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $34.00 price objective for the company. Vetr lowered shares of Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 price objective for the company. in a research report on Thursday, September 22nd. Finally, Stifel Nicolaus lowered shares of Kimco Realty Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.67.

About Kimco Realty Corp.

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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