Kimco Realty Corp (NYSE:KIM) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. reduced its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 16.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,981 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Kimco Realty were worth $351,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC increased its position in Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 595 shares during the period. Creative Planning grew its stake in shares of Kimco Realty by 3.5% in the 3rd quarter. Creative Planning now owns 51,130 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 1,740 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Kimco Realty by 199.1% in the third quarter. Blue Trust Inc. now owns 6,317 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 4,205 shares during the period. Castleview Partners LLC purchased a new stake in shares of Kimco Realty during the third quarter worth approximately $77,000. Finally, Signaturefd LLC lifted its holdings in shares of Kimco Realty by 10.2% during the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 783 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. UBS Group raised their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company dropped their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Mizuho raised their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.97.

Kimco Realty Trading Down 2.6 %

NYSE:KIM opened at $21.85 on Tuesday. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $22.85 and a 200-day simple moving average of $23.39. The company has a market capitalization of $14.73 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, equities research analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 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.