Kimco Realty Corporation (NYSE:KIM) Shares Sold by Nisa Investment Advisors LLC

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

Several other hedge funds have also modified their holdings of KIM. GF Fund Management CO. LTD. increased its holdings in Kimco Realty by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock valued at $271,000 after buying an additional 517 shares during the last quarter. Global Assets Advisory LLC increased its holdings in Kimco Realty by 5.4% in the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 528 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Kimco Realty by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock valued at $1,239,000 after buying an additional 530 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings 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 valued at $301,000 after buying an additional 539 shares during the last quarter. Finally, Pitcairn Co. increased its holdings in Kimco Realty by 4.0% in the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 567 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE KIM opened at $21.48 on Friday. 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 business's 50-day moving average price is $21.07 and its 200 day moving average price is $21.35. The firm has a market cap of $14.53 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.24.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same quarter last year, the company posted $0.39 earnings per share. The business's revenue was up 965.3% on a year-over-year basis. On average, equities research analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.

Analysts Set New Price Targets

KIM has been the topic of several recent analyst reports. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Piper Sandler dropped their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank dropped their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen lowered Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.70.

About Kimco Realty

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.

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