Institutional Investor Cohen & Steers Reports 43.3M KIM Shares
Rhea-AI Filing Summary
Cohen & Steers and affiliates report beneficial ownership of Kimco Realty Corp common stock totaling 43,318,739 shares, equal to 6.38% of the class. The filing shows Cohen & Steers, Inc. with 29,131,942 sole voting power and 43,318,739 sole dispositive power. Cohen & Steers Capital Management, Inc. separately reports 42,683,282 shares (6.28%) with 28,836,708 sole voting power. Smaller holdings are reported for the UK and Ireland affiliates and none for the Asia affiliate. The filing states these securities are held for account holders and were not acquired to change control, indicating passive institutional ownership disclosed under Schedule 13G.
Positive
- Aggregate beneficial ownership of 43,318,739 shares (6.38% of class) disclosed
- Cohen & Steers, Inc. reports sole dispositive power over all 43,318,739 shares
- Cohen & Steers Capital Management reports 42,683,282 shares (6.28%)
- Filing states holdings are held for account holders and not acquired to change control
Negative
- None.
Insights
TL;DR: A material institutional stake (6.38%) is disclosed as passive, so it is notable but not an active control move.
The report shows an aggregate beneficial ownership of 43,318,739 shares (6.38%) by Cohen & Steers entities, with the parent reporting sole dispositive power over the full amount and substantial sole voting power. Cohen & Steers Capital Management reports a near-equal economic interest of 42,683,282 shares (6.28%). Holdings are held on behalf of client accounts, and the filing explicitly states the positions were not acquired to influence control. For investors, this is material disclosure of concentrated passive ownership, but it does not signal an imminent governance change based on the filing text.
TL;DR: Significant passive ownership disclosed; voting and dispositive power split is documented but not presented as an attempt to alter control.
The Schedule 13G shows that Cohen & Steers, Inc. claims 29,131,942 sole voting and 43,318,739 sole dispositive power, documenting clear internal allocation of rights. Affiliates in the UK and Ireland report much smaller holdings (588,882 and 46,575 respectively) and the Asia affiliate reports none. The filing affirms these positions are held for the benefit of account holders and were not acquired to effect control, which is important for governance assessment: the disclosure is material for ownership concentration analysis but, per the statement, should not be treated as an activist or control-seeking stake.