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

Nicola Wealth Management LTD. lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,509 shares of the real estate investment trust’s stock after selling 52,400 shares during the period. Nicola Wealth Management LTD.’s holdings in Kimco Realty were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in Kimco Realty in the third quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the third quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the third quarter worth approximately $37,000. Quarry LP bought a new position in shares of Kimco Realty in the 3rd quarter worth $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Kimco Realty in the 4th quarter valued at $77,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KIM. Mizuho lowered their price objective 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. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Evercore ISI cut their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Robert W. Baird boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Scotiabank dropped their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday. Ten 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.43.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $22.04 on Tuesday. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company’s 50-day moving average is $22.39 and its 200 day moving average is $23.39. 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 company has a market capitalization of $14.98 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.54%. Kimco Realty’s dividend payout ratio is presently 178.57%.

Kimco Realty Company Profile

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.