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

Nisa Investment Advisors LLC decreased its position in shares of Kimco Realty Corp (NYSE:KIM) by 4.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 385,114 shares of the real estate investment trust’s stock after selling 19,536 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kimco Realty were worth $9,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of KIM. Catalyst Capital Advisors LLC bought a new position in Kimco Realty during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Kimco Realty during the third quarter worth approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $37,000. Quarry LP bought a new stake in shares of Kimco Realty in the third quarter valued at approximately $51,000. Finally, Castleview Partners LLC acquired a new stake in Kimco Realty during the third quarter worth approximately $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KIM shares. JPMorgan Chase & Co. cut Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Friday, December 20th. Evercore ISI cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. UBS Group increased their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Mizuho upped their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Eleven analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.84.

Kimco Realty Stock Performance

NYSE:KIM opened at $22.71 on Friday. The stock’s 50-day moving average is $23.87 and its 200-day moving average is $23.19. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15.31 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.51.

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

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.25 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.40%. The ex-dividend date was Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 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.