Nisa Investment Advisors LLC Has $7.34 Million Position in Kimco Realty Corporation (NYSE:KIM)

Nisa Investment Advisors LLC trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,415 shares of the real estate investment trust's stock after selling 39,699 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.05% of Kimco Realty worth $7,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Kimco Realty by 50.3% in the 4th quarter. Jones Financial Companies Lllp now owns 4,754 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 1,592 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Kimco Realty in the 4th quarter worth about $1,045,000. Raymond James Financial Inc. purchased a new stake in Kimco Realty in the 4th quarter worth approximately $2,478,000. Avantax Advisory Services Inc. lifted its position in Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after buying an additional 539 shares during the last quarter. Finally, Cibc World Markets Corp boosted its holdings in Kimco Realty by 12.2% in the fourth quarter. Cibc World Markets Corp now owns 302,477 shares of the real estate investment trust's stock worth $7,087,000 after acquiring an additional 32,855 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 2.5%

NYSE:KIM traded down $0.54 on Tuesday, reaching $21.17. 4,632,216 shares of the company's stock were exchanged, compared to its average volume of 4,523,279. The business has a fifty day moving average of $21.07 and a 200-day moving average of $21.32. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The business had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same quarter last year, the business posted $0.39 earnings per share. The business's revenue for the quarter was up 965.3% on a year-over-year basis. As a group, analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Piper Sandler lowered their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen downgraded Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.70.

Kimco Realty Company 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.