Kimco Realty Corporation $KIM Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,605 shares of the real estate investment trust’s stock after selling 35,810 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimco Realty were worth $6,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Kimco Realty during the 2nd quarter worth approximately $27,000. AlphaQuest LLC purchased a new stake in Kimco Realty during the first quarter worth $29,000. Keystone Global Partners LLC acquired a new stake in Kimco Realty in the first quarter valued at $30,000. Golden State Wealth Management LLC grew its holdings in Kimco Realty by 177.6% in the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 911 shares during the last quarter. Finally, WASHINGTON TRUST Co purchased a new position in shares of Kimco Realty in the first quarter valued at $34,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

NYSE:KIM opened at $21.79 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The firm has a market cap of $14.76 billion, a PE ratio of 26.26, a P/E/G ratio of 1.63 and a beta of 1.30. The firm has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $21.38. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $525.18 million during the quarter, compared to analysts’ expectations of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.6%. Kimco Realty’s dividend payout ratio is currently 120.48%.

Wall Street Analysts Forecast Growth

KIM has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Barclays raised their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. LADENBURG THALM/SH SH began coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Evercore ISI increased their target price on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.92.

Insider Buying and Selling at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

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.