American Century Companies Inc. Buys Shares of 2,269,037 Kimco Realty Corporation (KIM)

American Century Companies Inc. bought a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,269,037 shares of the real estate investment trust’s stock, valued at approximately $44,360,000. American Century Companies Inc. owned about 0.53% of Kimco Realty Corporation as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its position in shares of Kimco Realty Corporation by 3.8% during the 2nd quarter. BlackRock Inc. now owns 41,368,865 shares of the real estate investment trust’s stock valued at $759,119,000 after acquiring an additional 1,506,999 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Kimco Realty Corporation by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,014,750 shares of the real estate investment trust’s stock valued at $330,570,000 after acquiring an additional 595,684 shares during the last quarter. FMR LLC raised its position in shares of Kimco Realty Corporation by 24.5% during the 2nd quarter. FMR LLC now owns 12,220,784 shares of the real estate investment trust’s stock valued at $224,251,000 after acquiring an additional 2,408,799 shares during the last quarter. PGGM Investments raised its position in shares of Kimco Realty Corporation by 4.9% during the 3rd quarter. PGGM Investments now owns 11,304,000 shares of the real estate investment trust’s stock valued at $220,993,000 after acquiring an additional 523,000 shares during the last quarter. Finally, Cbre Clarion Securities LLC raised its position in shares of Kimco Realty Corporation by 7.6% during the 2nd quarter. Cbre Clarion Securities LLC now owns 9,926,107 shares of the real estate investment trust’s stock valued at $182,144,000 after acquiring an additional 701,218 shares during the last quarter. Institutional investors own 90.22% of the company’s stock.

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Several brokerages have commented on KIM. Robert W. Baird reiterated a “buy” rating and set a $23.00 target price on shares of Kimco Realty Corporation in a research report on Friday. Boenning Scattergood reiterated a “hold” rating on shares of Kimco Realty Corporation in a research report on Friday, October 27th. BMO Capital Markets set a $21.00 price target on shares of Kimco Realty Corporation and gave the company a “hold” rating in a report on Wednesday, October 25th. Mizuho reissued a “hold” rating and issued a $19.00 price target on shares of Kimco Realty Corporation in a report on Monday, October 9th. Finally, J P Morgan Chase & Co raised shares of Kimco Realty Corporation from a “neutral” rating to an “overweight” rating and set a $24.00 price target for the company in a report on Tuesday, September 26th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.25.

Kimco Realty Corporation (KIM) opened at $19.15 on Monday. The firm has a market cap of $8,151.26, a price-to-earnings ratio of 12.68, a P/E/G ratio of 2.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.08 and a quick ratio of 0.08. Kimco Realty Corporation has a one year low of $17.02 and a one year high of $26.63.

Kimco Realty Corporation (NYSE:KIM) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). The company had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. Kimco Realty Corporation had a return on equity of 7.73% and a net margin of 35.51%. Kimco Realty Corporation’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. analysts predict that Kimco Realty Corporation will post 1.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from Kimco Realty Corporation’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 5.85%. Kimco Realty Corporation’s dividend payout ratio is presently 125.58%.

Kimco Realty Corporation Profile

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

Institutional Ownership by Quarter for Kimco Realty Corporation (NYSE:KIM)

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