Nicholas Hoffman & Company LLC. Has $333,000 Stock Position in Kimco Realty Corp (NYSE:KIM)

Nicholas Hoffman & Company LLC. cut its position in Kimco Realty Corp (NYSE:KIM) by 9.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,981 shares of the real estate investment trust’s stock after selling 1,700 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Kimco Realty were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KIM. Nilsine Partners LLC grew its position in shares of Kimco Realty by 50.9% in the first quarter. Nilsine Partners LLC now owns 88,290 shares of the real estate investment trust’s stock valued at $1,731,000 after purchasing an additional 29,764 shares during the last quarter. PFG Investments LLC acquired a new stake in Kimco Realty in the 1st quarter valued at approximately $322,000. IFM Investors Pty Ltd increased its position in Kimco Realty by 11.4% in the 1st quarter. IFM Investors Pty Ltd now owns 125,067 shares of the real estate investment trust’s stock worth $2,453,000 after buying an additional 12,815 shares during the period. Norden Group LLC acquired a new position in shares of Kimco Realty during the first quarter worth approximately $687,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Kimco Realty by 7.1% during the first quarter. State of Alaska Department of Revenue now owns 385,275 shares of the real estate investment trust’s stock worth $7,554,000 after buying an additional 25,509 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE:KIM traded down $0.18 during trading hours on Tuesday, reaching $18.63. The company had a trading volume of 5,200,593 shares, compared to its average volume of 5,501,247. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $18.95 and a two-hundred day moving average of $19.43. Kimco Realty Corp has a one year low of $16.34 and a one year high of $22.83. The firm has a market capitalization of $12.56 billion, a PE ratio of 18.26, a PEG ratio of 4.15 and a beta of 1.45.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Citigroup restated a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price on the stock. Mizuho cut their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Finally, Bank of America reiterated a “neutral” rating and issued a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.48.

Insider Buying and Selling

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now directly owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

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.