Nomura Asset Management Co. Ltd. Grows Position in Kimco Realty Corp (NYSE:KIM)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Kimco Realty Corp (NYSE:KIMFree Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 846,629 shares of the real estate investment trust’s stock after acquiring an additional 22,516 shares during the period. Nomura Asset Management Co. Ltd. owned 0.14% of Kimco Realty worth $14,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Partners II LLC raised its position in shares of Kimco Realty by 1.9% during the 4th quarter. Advisor Partners II LLC now owns 26,152 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 495 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in shares of Kimco Realty by 0.9% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 54,380 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 500 shares during the period. Checchi Capital Advisers LLC lifted its stake in Kimco Realty by 3.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 16,648 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 507 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Kimco Realty by 4.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 13,681 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 564 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Kimco Realty by 1.2% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 48,285 shares of the real estate investment trust’s stock valued at $952,000 after acquiring an additional 573 shares during the last quarter. 90.42% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 1.6 %

Kimco Realty stock traded down $0.33 during trading hours on Friday, hitting $20.54. The company had a trading volume of 5,072,793 shares, compared to its average volume of 6,493,783. The firm has a market cap of $12.73 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.62 and a beta of 1.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.72 and a current ratio of 2.72. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $23.27. The company has a 50-day moving average price of $20.53 and a two-hundred day moving average price of $19.32.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KIM. Truist Financial decreased their price objective on Kimco Realty from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, October 17th. StockNews.com began coverage on Kimco Realty in a research report on Thursday, October 5th. They set a “hold” rating for the company. Stifel Nicolaus raised their target price on Kimco Realty from $20.50 to $21.75 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Piper Sandler boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Finally, TheStreet raised Kimco Realty from a “c+” rating to a “b-” rating in a research note on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.08.

View Our Latest Analysis on Kimco Realty

Kimco Realty Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIMFree Report).

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

Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.