American Century Companies Inc. Buys 943,956 Shares of Kimco Realty Corp (NYSE:KIM)

American Century Companies Inc. raised its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 430.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,163,087 shares of the real estate investment trust's stock after buying an additional 943,956 shares during the quarter. American Century Companies Inc. owned about 0.17% of Kimco Realty worth $27,251,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KIM. Mizuho Securities USA LLC boosted its stake in Kimco Realty by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 63,888 shares of the real estate investment trust's stock valued at $1,497,000 after purchasing an additional 20,175 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Kimco Realty by 36.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 357,617 shares of the real estate investment trust's stock valued at $8,379,000 after buying an additional 95,638 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Kimco Realty in the 4th quarter worth about $362,000. Vinva Investment Management Ltd bought a new stake in Kimco Realty in the 4th quarter worth about $253,000. Finally, Generali Asset Management SPA SGR purchased a new position in Kimco Realty in the 4th quarter worth about $610,000. 89.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KIM shares. JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Evercore ISI dropped their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.43.

Kimco Realty Price Performance

KIM stock traded down $1.40 during trading on Thursday, reaching $20.06. The company's stock had a trading volume of 10,085,405 shares, compared to its average volume of 4,262,109. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The company's fifty day moving average is $21.64 and its 200-day moving average is $23.05. The company has a market capitalization of $13.63 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

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.