Advantus Capital Management Inc Lowers stake in Kimco Realty Corp (KIM)

Kimco Realty Corp (KIM) : Advantus Capital Management Inc reduced its stake in Kimco Realty Corp by 3.34% during the most recent quarter end. The investment management company now holds a total of 926,516 shares of Kimco Realty Corp which is valued at $28,258,738 after selling 32,061 shares in Kimco Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Kimco Realty Corp makes up approximately 0.79% of Advantus Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in KIM in the latest quarter, The investment management firm added 299,629 additional shares and now holds a total of 12,236,927 shares of Kimco Realty Corp which is valued at $373,226,274. Kimco Realty Corp makes up approx 0.08% of Blackrock Fund Advisors’s portfolio.Teacher Retirement System Of Texas boosted its stake in KIM in the latest quarter, The investment management firm added 10,280 additional shares and now holds a total of 489,202 shares of Kimco Realty Corp which is valued at $15,243,534. Kimco Realty Corp makes up approx 0.10% of Teacher Retirement System Of Texas’s portfolio.Utah Retirement Systems reduced its stake in KIM by selling 3,300 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 90,438 shares of KIM which is valued at $2,844,275. Kimco Realty Corp makes up approx 0.07% of Utah Retirement Systems’s portfolio.Louisiana State Employees Retirement System reduced its stake in KIM by selling 200 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 27,500 shares of KIM which is valued at $855,800. Kimco Realty Corp makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.

Kimco Realty Corp closed down -0.32 points or -1.07% at $29.64 with 24,73,297 shares getting traded on Friday. Post opening the session at $29.83, the shares hit an intraday low of $29.535 and an intraday high of $30.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Kimco Realty Corp reported $0.38 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $287.12 million for the quarter, compared to analysts expectations of $294.13 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.

Investors should note that on Jul 27, 2016, Kimco Realty Corp announced a cash dividend of $0.2550. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Kimco Realty Corp. Company shares were Reiterated by Canaccord Genuity on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .Citigroup Downgraded Kimco Realty Corp on Jul 7, 2016 to ” Neutral”, Price Target of the shares are set at $32.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

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