Shares of Kimco Realty Corp. (NYSE:KIM) gapped up before the market opened on Tuesday . The stock had previously closed at $28.89, but opened at $28.91. Kimco Realty Corp. shares last traded at $29.14, with a volume of 1,397,090 shares trading hands.

Several analysts have weighed in on the stock. Vetr upgraded shares of Kimco Realty Corp. from a “buy” rating to a “strong-buy” rating and set a $33.15 target price for the company in a research note on Monday, September 12th. BTIG Research assumed coverage on shares of Kimco Realty Corp. in a research note on Thursday, August 25th. They set a “buy” rating and a $34.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty Corp. from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. RBC Capital Markets reiterated an “outperform” rating and set a $34.00 target price (up previously from $31.00) on shares of Kimco Realty Corp. in a research note on Monday, August 1st. Finally, Boenning Scattergood assumed coverage on shares of Kimco Realty Corp. in a research note on Tuesday, June 28th. They set a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.33.

The firm has a market capitalization of $12.17 billion, a P/E ratio of 16.24 and a beta of 1.05. The firm’s 50 day moving average price is $30.02 and its 200 day moving average price is $29.42.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Wednesday, October 5th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.02 annualized dividend and a yield of 3.52%. Kimco Realty Corp.’s dividend payout ratio (DPR) is currently 56.98%.

In other news, Director Philip E. Coviello, Jr. bought 1,000 shares of Kimco Realty Corp. stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $31.17 per share, with a total value of $31,170.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position 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. boosted its position 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 worth $105,000 after buying an additional 942 shares during the last quarter. Global X Management Co. LLC boosted its position 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 worth $116,000 after buying an additional 2,278 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Kimco Realty Corp. by 10.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,809 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 538 shares during the last quarter. Finally, Nuveen Fund Advisors LLC bought a new position in shares of Kimco Realty Corp. during the second quarter worth about $204,000. 94.04% of the stock is owned by hedge funds and other institutional investors.

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 550 shopping center properties, aggregating over 88 million square feet of gross leasable area (GLA), located in approximately 36 states of the United States, Puerto Rico and Canada.

5 Day Chart for NYSE:KIM

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