Nisa Investment Advisors LLC Sells 19,536 Shares of Kimco Realty Corp (NYSE:KIM)

Nisa Investment Advisors LLC lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 385,114 shares of the real estate investment trust’s stock after selling 19,536 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Kimco Realty worth $9,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BNC Wealth Management LLC bought a new position in Kimco Realty during the 4th quarter worth approximately $4,746,000. HB Wealth Management LLC acquired a new stake in Kimco Realty in the fourth quarter worth $215,000. TrueWealth Advisors LLC bought a new position in shares of Kimco Realty during the fourth quarter worth $459,000. Trivant Custom Portfolio Group LLC grew its holdings in shares of Kimco Realty by 6.4% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 46,292 shares of the real estate investment trust’s stock valued at $1,085,000 after buying an additional 2,796 shares during the period. Finally, O Keefe Stevens Advisory Inc. increased its position in shares of Kimco Realty by 1.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 378,489 shares of the real estate investment trust’s stock valued at $8,868,000 after buying an additional 3,791 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. UBS Group boosted their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Scotiabank upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Finally, Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Eleven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.84.

Kimco Realty Trading Up 2.2 %

Shares of Kimco Realty stock opened at $22.71 on Friday. The stock has a market cap of $15.31 billion, a P/E ratio of 41.28, a P/E/G ratio of 2.91 and a beta of 1.51. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The business’s 50 day moving average is $23.87 and its 200-day moving average is $23.19.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. Equities research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s payout ratio is 181.82%.

Kimco Realty Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.