Nisa Investment Advisors LLC Sells 25,025 Shares of Kimco Realty Corporation $KIM

Nisa Investment Advisors LLC lessened its stake in Kimco Realty Corporation (NYSE:KIM) by 8.6% in the 4th quarter, HoldingsChannel reports. The fund owned 266,610 shares of the real estate investment trust’s stock after selling 25,025 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kimco Realty were worth $5,404,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Values First Advisors Inc. lifted its position in shares of Kimco Realty by 1.7% during the third quarter. Values First Advisors Inc. now owns 27,590 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 450 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Kimco Realty by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 30,335 shares of the real estate investment trust’s stock valued at $663,000 after purchasing an additional 503 shares in the last quarter. Parallel Advisors LLC raised its position in Kimco Realty by 11.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,176 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 520 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Kimco Realty by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,421 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 589 shares in the last quarter. Finally, Norinchukin Bank The lifted its holdings in Kimco Realty by 0.8% during the 3rd quarter. Norinchukin Bank The now owns 73,337 shares of the real estate investment trust’s stock worth $1,602,000 after buying an additional 603 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Price Performance

KIM opened at $22.60 on Friday. The company has a fifty day moving average price of $22.48 and a two-hundred day moving average price of $21.43. The firm has a market capitalization of $15.23 billion, a PE ratio of 27.90, a P/E/G ratio of 1.25 and a beta of 1.03. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.31 and a current ratio of 3.31.

Kimco Realty Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on KIM. Barclays reissued an “overweight” rating and issued a $25.00 target price on shares of Kimco Realty in a research note on Tuesday, January 13th. Scotiabank upped their price target on Kimco Realty from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 24th. Truist Financial raised their price target on Kimco Realty from $22.00 to $23.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Piper Sandler boosted their price objective on Kimco Realty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Evercore set a $24.00 target price on shares of Kimco Realty in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.70.

Kimco Realty 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.