Nissay Asset Management Corp Japan ADV Buys 3,799 Shares of Kimco Realty Corp (NYSE:KIM)

Nissay Asset Management Corp Japan ADV lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,325 shares of the real estate investment trust’s stock after purchasing an additional 3,799 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Kimco Realty were worth $4,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nomura Holdings Inc. bought a new position in shares of Kimco Realty during the 4th quarter worth about $2,354,000. Millennium Management LLC boosted its position in shares of Kimco Realty by 33.9% during the 4th quarter. Millennium Management LLC now owns 989,701 shares of the real estate investment trust’s stock worth $23,189,000 after purchasing an additional 250,718 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kimco Realty by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,982 shares of the real estate investment trust’s stock worth $1,640,000 after purchasing an additional 2,590 shares in the last quarter. Janus Henderson Group PLC lifted its position in Kimco Realty by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 72,643 shares of the real estate investment trust’s stock valued at $1,702,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in Kimco Realty by 5,522.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 687,519 shares of the real estate investment trust’s stock valued at $16,109,000 after acquiring an additional 675,291 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.4%

NYSE:KIM opened at $21.70 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a 50-day moving average price of $20.57 and a two-hundred day moving average price of $22.35.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The company’s revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, equities analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. Kimco Realty’s payout ratio is currently 129.87%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KIM. Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Piper Sandler dropped their price target on shares of Kimco Realty from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Scotiabank dropped their price target on shares of 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. Finally, Mizuho dropped their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.68.

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.