Nisa Investment Advisors LLC Has $5.40 Million Position in Kimco Realty Corporation $KIM

Nisa Investment Advisors LLC lessened its holdings in Kimco Realty Corporation (NYSE:KIM) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,610 shares of the real estate investment trust’s stock after selling 25,025 shares during the period. Nisa Investment Advisors LLC’s holdings in Kimco Realty were worth $5,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KIM. Quent Capital LLC acquired a new stake in Kimco Realty during the third quarter valued at approximately $27,000. City Holding Co. bought a new stake in shares of Kimco Realty in the 3rd quarter valued at approximately $30,000. CYBER HORNET ETFs LLC acquired a new position in shares of Kimco Realty in the 2nd quarter worth approximately $37,000. Lavaca Capital LLC lifted its position in shares of Kimco Realty by 869.5% during the 2nd quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,739 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of Kimco Realty during the 2nd quarter worth approximately $42,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.7%

NYSE KIM opened at $22.60 on Friday. The stock’s 50 day simple moving average is $22.48 and its 200 day simple moving average is $21.43. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $23.91. The firm has a market cap of $15.23 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, March 6th. Kimco Realty’s dividend payout ratio is presently 128.40%.

Analyst Ratings Changes

KIM has been the topic of a number of analyst reports. UBS Group lowered their price target on Kimco Realty from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Scotiabank lifted their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. Evercore set a $24.00 target price on shares of Kimco Realty in a research note on Friday, February 13th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Barclays reiterated an “overweight” rating and set a $25.00 target price on shares of Kimco Realty in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.