Russell Investments Group Ltd. Purchases 234,868 Shares of Kimco Realty Corporation (KIM)

Russell Investments Group Ltd. boosted its position in Kimco Realty Corporation (NYSE:KIM) by 96.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 479,583 shares of the real estate investment trust’s stock after buying an additional 234,868 shares during the period. Russell Investments Group Ltd. owned about 0.11% of Kimco Realty Corporation worth $8,825,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Kimco Realty Corporation by 2,779.7% in the first quarter. BlackRock Inc. now owns 39,861,866 shares of the real estate investment trust’s stock worth $880,549,000 after buying an additional 38,477,627 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Kimco Realty Corporation by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 35,695,241 shares of the real estate investment trust’s stock worth $788,509,000 after buying an additional 2,483,036 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Kimco Realty Corporation by 207.3% in the first quarter. Renaissance Technologies LLC now owns 2,456,829 shares of the real estate investment trust’s stock worth $54,271,000 after buying an additional 1,657,434 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kimco Realty Corporation by 2.0% in the first quarter. Vanguard Group Inc. now owns 72,545,930 shares of the real estate investment trust’s stock worth $1,602,539,000 after buying an additional 1,433,878 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its position in shares of Kimco Realty Corporation by 126.3% in the first quarter. Rothschild Asset Management Inc. now owns 1,739,788 shares of the real estate investment trust’s stock worth $38,432,000 after buying an additional 970,874 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Kimco Realty Corporation (NYSE:KIM) traded down 0.483% during midday trading on Thursday, reaching $19.585. The company’s stock had a trading volume of 1,599,718 shares. Kimco Realty Corporation has a 12-month low of $17.02 and a 12-month high of $30.71. The stock has a market cap of $8.34 billion, a P/E ratio of 39.888 and a beta of 0.67. The stock’s 50 day moving average is $19.40 and its 200 day moving average is $20.81.

Kimco Realty Corporation (NYSE:KIM) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.07. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The business had revenue of $292.84 million during the quarter, compared to analysts’ expectations of $290.95 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Kimco Realty Corporation will post $0.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Wednesday, October 4th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.49%. Kimco Realty Corporation’s dividend payout ratio (DPR) is presently 220.41%.

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KIM has been the subject of a number of recent research reports. TheStreet downgraded shares of Kimco Realty Corporation from a “b-” rating to a “c” rating in a report on Wednesday, April 26th. Canaccord Genuity restated a “buy” rating and set a $34.00 price objective on shares of Kimco Realty Corporation in a report on Thursday, April 27th. Citigroup Inc. cut their price objective on shares of Kimco Realty Corporation from $26.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Kimco Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Kimco Realty Corporation from a “sell” rating to a “neutral” rating and set a $18.70 price objective on the stock in a report on Tuesday, June 20th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.28.

In other Kimco Realty Corporation news, Director Philip E. Coviello, Jr. purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average cost of $17.37 per share, for a total transaction of $347,400.00. Following the completion of the purchase, the director now directly owns 41,045 shares in the company, valued at $712,951.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

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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