Kimco Realty Corp (NYSE:KIM) Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC increased its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,767 shares of the real estate investment trust's stock after acquiring an additional 12,342 shares during the period. Nilsine Partners LLC's holdings in Kimco Realty were worth $2,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KIM. Pacer Advisors Inc. raised its position in Kimco Realty by 12.6% during the fourth quarter. Pacer Advisors Inc. now owns 56,298 shares of the real estate investment trust's stock worth $1,319,000 after acquiring an additional 6,293 shares during the period. Blue Trust Inc. raised its position in shares of Kimco Realty by 26.8% during the 4th quarter. Blue Trust Inc. now owns 8,013 shares of the real estate investment trust's stock worth $186,000 after purchasing an additional 1,696 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Kimco Realty by 61.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,497 shares of the real estate investment trust's stock valued at $1,324,000 after buying an additional 21,491 shares in the last quarter. Baker Ellis Asset Management LLC boosted its holdings in Kimco Realty by 0.8% in the 4th quarter. Baker Ellis Asset Management LLC now owns 131,928 shares of the real estate investment trust's stock worth $3,091,000 after buying an additional 1,075 shares during the last quarter. Finally, BNC Wealth Management LLC purchased a new stake in Kimco Realty during the 4th quarter worth approximately $4,746,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KIM. Mizuho raised their target price on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a report on Friday, December 20th. Robert W. Baird upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, UBS Group upped their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of "Hold" and an average price target of $24.84.

Kimco Realty Trading Down 2.2 %

NYSE KIM traded down $0.51 during trading hours on Tuesday, reaching $22.92. The company had a trading volume of 3,536,020 shares, compared to its average volume of 4,328,309. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $15.45 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51. The stock has a 50-day moving average of $23.71 and a 200 day moving average of $23.30. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company had revenue of $507.63 million for the quarter, compared to analysts' expectations of $502.78 million. During the same period in the previous year, the business posted $0.40 EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, research analysts anticipate that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Thursday, December 5th. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's dividend payout ratio is currently 181.82%.

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.