Nicola Wealth Management LTD. Makes New Investment in Kimco Realty Corp (NYSE:KIM)

Nicola Wealth Management LTD. purchased a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 77,500 shares of the real estate investment trust's stock, valued at approximately $1,652,000.

Other hedge funds also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Kimco Realty in the third quarter worth approximately $27,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Kimco Realty in the fourth quarter worth approximately $27,000. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty in the fourth quarter worth approximately $27,000. Principal Securities Inc. acquired a new stake in shares of Kimco Realty in the fourth quarter worth approximately $29,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Kimco Realty in the fourth quarter worth approximately $33,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Up 0.6 %

Shares of KIM traded up $0.12 during mid-day trading on Friday, reaching $19.22. 3,576,762 shares of the stock traded hands, compared to its average volume of 5,292,893. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.96 and a beta of 1.46. The stock has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $19.57. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Thursday, June 6th. Kimco Realty's payout ratio is currently 181.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KIM shares. Mizuho decreased their target price on shares of Kimco Realty from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Citigroup restated a "neutral" rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Robert W. Baird cut their price target on shares of Kimco Realty from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a "hold" rating and a $23.00 price target on the stock. Finally, Bank of America restated a "neutral" rating and issued a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Kimco Realty presently has an average rating of "Hold" and a consensus target price of $21.48.

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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