Nicola Wealth Management LTD. Sells 52,400 Shares of Kimco Realty Corp (NYSE:KIM)

Nicola Wealth Management LTD. lowered its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,509 shares of the real estate investment trust's stock after selling 52,400 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Kimco Realty were worth $410,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp raised its holdings in Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after purchasing an additional 882,047 shares during the last quarter. FMR LLC grew its holdings in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after buying an additional 1,283,352 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock worth $398,468,000 after acquiring an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimco Realty by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock valued at $224,496,000 after purchasing an additional 101,293 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after purchasing an additional 5,598,091 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on KIM. Mizuho dropped their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Evercore ISI cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. lowered their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Scotiabank decreased their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Ten 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 company. According to data from MarketBeat, Kimco Realty currently has an average rating of "Moderate Buy" and an average price target of $24.43.

Kimco Realty Stock Down 0.3 %

Shares of NYSE:KIM traded down $0.07 during midday trading on Friday, hitting $21.40. The stock had a trading volume of 7,559,902 shares, compared to its average volume of 4,571,159. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The business's 50-day simple moving average is $22.27 and its 200-day simple moving average is $23.36. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a market cap of $14.54 billion, a P/E ratio of 38.22, a PEG ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, sell-side analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

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.