Cookson Peirce & Co. Inc. Boosts Position in Kimco Realty Corp (NYSE:KIM)

Cookson Peirce & Co. Inc. raised its holdings in shares of Kimco Realty Corp (NYSE:KIM – Get Rating) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,111,516 shares of the real estate investment trust’s stock after buying an additional 5,160 shares during the period. Kimco Realty comprises 1.4% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 24th largest holding. Cookson Peirce & Co. Inc. owned 0.18% of Kimco Realty worth $20,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Kimco Realty by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock worth $2,483,278,000 after buying an additional 3,081,151 shares during the period. State Street Corp raised its position in shares of Kimco Realty by 1.6% during the second quarter. State Street Corp now owns 44,920,176 shares of the real estate investment trust’s stock valued at $888,072,000 after buying an additional 699,534 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Kimco Realty by 5.6% in the third quarter. Daiwa Securities Group Inc. now owns 11,541,505 shares of the real estate investment trust’s stock worth $212,479,000 after buying an additional 616,247 shares in the last quarter. FMR LLC lifted its stake in Kimco Realty by 5.4% in the 2nd quarter. FMR LLC now owns 11,174,826 shares of the real estate investment trust’s stock worth $220,926,000 after purchasing an additional 569,101 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Kimco Realty by 5.5% during the 1st quarter. Northern Trust Corp now owns 9,215,068 shares of the real estate investment trust’s stock valued at $227,612,000 after buying an additional 482,054 shares in the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.

Kimco Realty Price Performance

Shares of NYSE:KIM traded down $0.03 during midday trading on Wednesday, reaching $22.43. 553,660 shares of the company’s stock were exchanged, compared to its average volume of 4,263,631. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 60.70, a P/E/G ratio of 1.78 and a beta of 1.40. The firm’s 50 day simple moving average is $21.69 and its two-hundred day simple moving average is $21.23. Kimco Realty Corp has a fifty-two week low of $17.71 and a fifty-two week high of $26.57.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Citigroup increased their price objective on shares of Kimco Realty from $23.00 to $26.00 in a research note on Wednesday, December 14th. Mizuho downgraded Kimco Realty from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $21.00 in a research report on Tuesday, January 10th. Barclays increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, December 6th. Finally, TheStreet raised shares of Kimco Realty from a “c+” rating to a “b-” rating in a research report on Tuesday, November 29th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.25.

About Kimco Realty

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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.