Nilsine Partners LLC Boosts Position in Kimco Realty Corporation (NYSE:KIM)

Nilsine Partners LLC grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,586 shares of the real estate investment trust's stock after buying an additional 21,819 shares during the period. Nilsine Partners LLC's holdings in Kimco Realty were worth $2,731,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Praxis Investment Management Inc. increased its stake in shares of Kimco Realty by 57.8% during the first quarter. Praxis Investment Management Inc. now owns 23,430 shares of the real estate investment trust's stock valued at $498,000 after buying an additional 8,580 shares during the period. Kentucky Trust Co grew its stake in Kimco Realty by 1.9% in the first quarter. Kentucky Trust Co now owns 38,654 shares of the real estate investment trust's stock worth $821,000 after purchasing an additional 730 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in Kimco Realty by 4.4% in the first quarter. Trivant Custom Portfolio Group LLC now owns 48,344 shares of the real estate investment trust's stock worth $1,027,000 after purchasing an additional 2,052 shares during the period. State of Alaska Department of Revenue grew its stake in Kimco Realty by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 401,475 shares of the real estate investment trust's stock worth $8,526,000 after purchasing an additional 6,827 shares during the period. Finally, Berkshire Bank purchased a new stake in Kimco Realty in the first quarter worth $281,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 0.6%

Shares of NYSE:KIM opened at $20.88 on Friday. The company has a market cap of $14.12 billion, a P/E ratio of 27.11, a PEG ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The stock's fifty day moving average price is $20.81 and its 200-day moving average price is $21.69.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The company's quarterly revenue was up 965.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. Sell-side analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently announced 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 4.79%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's dividend payout ratio is 129.87%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank reduced their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Raymond James Financial reduced their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho reduced their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Ten analysts have rated the stock with a hold rating, four 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 "Moderate Buy" and a consensus price target of $24.68.

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.

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