Today, Kimco Realty Corp. (KIM) Position Boosted by Bank of New York Mellon Corp

Today, Kimco Realty Corp. (KIM) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Kimco Realty Corp. (NYSE:KIM) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,056,566 shares of the real estate investment trust’s stock after buying an additional 106,057 shares during the period. Bank of New York Mellon Corp’s holdings in Kimco Realty Corp. were worth $320,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KIM. State Treasurer State of Michigan increased its stake in shares of Kimco Realty Corp. by 0.6% in the third quarter. State Treasurer State of Michigan now owns 146,646 shares of the real estate investment trust’s stock valued at $4,245,000 after buying an additional 900 shares in the last quarter. Aperio Group LLC increased its stake in shares of Kimco Realty Corp. by 8.6% in the third quarter. Aperio Group LLC now owns 214,273 shares of the real estate investment trust’s stock valued at $6,203,000 after buying an additional 17,043 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Kimco Realty Corp. by 0.5% in the third quarter. Arizona State Retirement System now owns 103,486 shares of the real estate investment trust’s stock valued at $2,996,000 after buying an additional 500 shares in the last quarter. Financial Advisory Service Inc. increased its stake in shares of 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 valued at $318,000 after buying an additional 85 shares in the last quarter. Finally, USS Investment Management Ltd acquired a new stake in shares of Kimco Realty Corp. during the third quarter valued at about $5,436,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Corp. (NYSE:KIM) opened at 26.25 on Tuesday. Kimco Realty Corp. has a 52-week low of $24.75 and a 52-week high of $32.24. The firm has a 50-day moving average price of $26.64 and a 200-day moving average price of $29.02. The company has a market cap of $11.16 billion, a PE ratio of 17.61 and a beta of 0.86.

Kimco Realty Corp. (NYSE:KIM) last announced its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm 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 quarter in the prior year, the company earned $0.40 EPS. On average, analysts forecast 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 paid a dividend of $0.27 per share. This is an increase from Kimco Realty Corp.’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 29th. This represents a $1.08 annualized dividend and a dividend yield of 4.11%. Kimco Realty Corp.’s dividend payout ratio is presently 67.55%.

Several equities research analysts have issued reports on KIM shares. Zacks Investment Research downgraded Kimco Realty Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Royal Bank Of Canada raised their price target on Kimco Realty Corp. from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Deutsche Bank AG lifted their target price on Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 17th. Vetr downgraded Kimco Realty Corp. from a “strong-buy” rating to a “buy” rating and set a $33.15 target price for the company. in a report on Thursday, September 22nd. Finally, Stifel Nicolaus downgraded Kimco Realty Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Kimco Realty Corp. presently has an average rating of “Buy” and an average price target 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.

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