Citigroup Inc Cuts Kimco Realty Corp (KIM) Price Target to $21.00

Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.12% invested in Kimco Realty Corp (NYSE:KIM) for 106,397 shares. The brokerage now has a "neutral" rating on the real estate investment trust's stock.

More notable recent Getty Realty Corp.

A number of large investors have recently bought and sold shares of KIM. Pinnacle Bank acquired a new stake in shares of Realty Income Corp during the first quarter valued at $153,000. Bessemer Group Inc. now owns 2,674 shares of the real estate investment trust's stock valued at $154,000 after buying an additional 2,649 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Kimco Realty Corp by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 5,643,844 shares of the real estate investment trust's stock worth $141,996,000 after buying an additional 111,436 shares in the last quarter. Renaissance Technologies LLC now owns 854,012 shares of the real estate investment trust's stock valued at $21,769,000 after buying an additional 73,626 shares in the last quarter. Kimco Realty Corp's dividend payout ratio is now 135.00%. LLC now owns 9,861 shares of the real estate investment trust's stock worth $218,000 after buying an additional 2,304 shares during the last quarter. The ratio has improved, as 86 hedge funds started new or increased equity positions, while 40 reduced and sold stock positions in Getty Realty Corp.

Shares of Kimco Realty Corp (NYSE:KIM) traded up 1.20% during midday trading on Tuesday, reaching $18.53. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.80% with $414.32 Million sitting short, betting on future declines. The stock's market capitalization is 7.83B, it has a 52-week low of 17.91 and a 52-week high of 32.24. Getty Realty Corp. The firm has a 50-day moving average of $25.76 and a 200 day moving average of $25.28. On average, analysts forecast that Kimco Realty Corp will post $0.58 EPS for the current year. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $293.60 million for the quarter, compared to the consensus estimate of $291.46 million. Duke Realty Corp had a net margin of 34.60% and a return on equity of 9.27%. Getty Realty Corp. The firm's revenue was down.3% on a year-over-year basis.

Among 11 analysts covering Kimco Realty (NYSE:KIM), 6 have Buy rating, 1 Sell and 4 Hold.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 1st will be given a dividend of $0.211 per share. The ex-dividend date is Monday, July 3rd.

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Several equities analysts have recently weighed in on DRE shares. Robert W. Baird upgraded Kimco Realty Corp (NYSE:KIM) on Monday, March 13 to "Outperform" rating. Evercore ISI raised Kimco Realty Corp from a "hold" rating to an "outperform" rating in a research note on Friday, March 3rd. Finally, Barclays PLC increased their price objective on Duke Realty Corp from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 19th.

Zacks provides a simpler approach for understanding analyst recommendations on stocks, using an integer based system which converts each recommendation into a 1-5 average, where 1 represents a Strong Buy and 5 a Strong Sell. Bank of America Corp raised shares of Duke Realty Corp from a "neutral" rating to a "buy" rating and raised their price target for the stock from $28.00 to $30.00 in a research note on Wednesday, April 5th.

In related news, Director Philip E. Coviello, Jr. acquired 7,500 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. The firm bought 12,686 shares of the real estate investment trust's stock, valued at approximately $755,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Perhaps, that suggests something about why 90.58% of the outstanding share supply is held by institutional investors.

Getty Realty Corp.is a real estate investment trust (REIT). 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.