Nilsine Partners LLC Buys 12,342 Shares of Kimco Realty Corp (NYSE:KIM)

Nilsine Partners LLC lifted its holdings in Kimco Realty Corp (NYSE:KIM) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,767 shares of the real estate investment trust’s stock after buying an additional 12,342 shares during the period. Nilsine Partners LLC’s holdings in Kimco Realty were worth $2,502,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of KIM. Catalyst Capital Advisors LLC purchased a new position in Kimco Realty during the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty in the third quarter valued at about $31,000. Brooklyn Investment Group purchased a new stake in Kimco Realty in the third quarter valued at approximately $37,000. Quarry LP acquired a new position in Kimco Realty in the 3rd quarter worth approximately $51,000. Finally, Castleview Partners LLC acquired a new stake in Kimco Realty during the 3rd quarter worth about $77,000. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Scotiabank upped their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. UBS Group lifted their price target 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. Mizuho lifted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Eleven 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 a consensus price target of $24.84.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.42 on Tuesday. The firm has a market cap of $15.79 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.51. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The business’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $23.26.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Equities analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s 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.