Kimco Realty Corp (NYSE:KIM) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 430.8% during the fourth quarter, according to the company in 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 acquiring an additional 943,956 shares during the period. American Century Companies Inc. owned 0.17% of Kimco Realty worth $27,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KIM. Wilmington Savings Fund Society FSB purchased a new position in Kimco Realty during the 3rd quarter worth $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the third quarter worth about $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the third quarter worth about $51,000. Catalyst Capital Advisors LLC increased its position in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Kimco Realty during the 4th quarter valued at approximately $77,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Price Performance

NYSE KIM traded down $1.24 during mid-day trading on Thursday, hitting $20.21. The stock had a trading volume of 1,550,779 shares, compared to its average volume of 4,229,647. The company has a 50 day simple moving average of $21.69 and a 200 day simple moving average of $23.07. 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 has a market cap of $13.73 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.95%. Kimco Realty's dividend payout ratio (DPR) is 178.57%.

Analysts Set New Price Targets

KIM has been the topic of a number of recent research reports. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Scotiabank reduced their target price on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Evercore ISI lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Citigroup cut their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.43.

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.