Important Rating: Is Kimco Realty (NYSE:KIM) Worth Your Time After Argus Research’s Upgrade?

November 25, 2016 - By Nellie Frank

Important Rating:  Is Kimco Realty (NYSE:KIM) Worth Your Time After Argus Research's Upgrade?

Kimco Realty (NYSE:KIM) Upgrade

New York-listed Kimco Realty (NYSE:KIM), was raised by investment analysts at Argus Research. The firm raised its rating on the $11.19 billion market cap company to a Hold from a previous Buy.

Kimco Realty Corp (NYSE:KIM) Ratings Coverage

Out of 8 analysts covering Kimco Realty (NYSE:KIM), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $34 is the highest target while $25 is the lowest. The $30.29 average target is 14.95% above today’s ($26.35) stock price. Kimco Realty has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of KIM in a report on Tuesday, December 15 with “Overweight” rating. As per Monday, August 24, the company rating was downgraded by Zacks. The firm earned “Overweight” rating on Tuesday, July 19 by Barclays Capital. The firm earned “Hold” rating on Wednesday, August 17 by Deutsche Bank. The rating was maintained by Evercore on Tuesday, September 8 with “Hold”. Argus Research upgraded the shares of KIM in a report on Wednesday, December 16 to “Buy” rating. Canaccord Genuity initiated the shares of KIM in a report on Wednesday, July 22 with “Buy” rating. JP Morgan maintained it with “Overweight” rating and $32 target price in Thursday, August 11 report. As per Thursday, August 25, the company rating was initiated by BTIG Research. As per Tuesday, June 28, the company rating was initiated by Boenning & Scattergood.

The stock increased 1.07% or $0.28 during the last trading session, hitting $26.35. About 1.56 million shares traded hands. Kimco Realty Corp (NYSE:KIM) has declined 7.62% since April 22, 2016 and is downtrending. It has underperformed by 13.03% the S&P500.

Analysts await Kimco Realty Corp (NYSE:KIM) to report earnings on February, 2 after the close. They expect $0.41 EPS, up 10.81% or $0.04 from last year’s $0.37 per share. KIM’s profit will be $174.11M for 16.07 P/E if the $0.41 EPS becomes a reality. After $0.38 actual EPS reported by Kimco Realty Corp for the previous quarter, Wall Street now forecasts 7.89% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.08, from 1.15 in 2016Q1. The ratio is negative, as 34 funds sold all Kimco Realty Corp shares owned while 117 reduced positions. 28 funds bought stakes while 146 increased positions. They now own 390.69 million shares or 2.17% more from 382.41 million shares in 2016Q1.

Virtu Finance Ltd owns 9,325 shares or 0.04% of their US portfolio. The New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.17% in Kimco Realty Corp (NYSE:KIM). Cordasco Fincl has 2,000 shares for 0.07% of their US portfolio. Advisory Service last reported 10,908 shares in the company. Deere Communication accumulated 19,186 shares or 0.03% of the stock. Chesapeake Asset Ltd Com last reported 1.03% of its portfolio in the stock. Ny State Teachers Retirement System accumulated 783,808 shares or 0.06% of the stock. Amica Mutual Insurance holds 0.05% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 15,957 shares. The Massachusetts-based Pioneer Inv Management Inc has invested 0.04% in Kimco Realty Corp (NYSE:KIM). Pictet Asset Mngmt Ltd has 219,609 shares for 0.02% of their US portfolio. Toronto Dominion National Bank holds 0% or 2,303 shares in its portfolio. Citigroup Inc accumulated 0.07% or 2.32M shares. Retirement Of Alabama accumulated 0.04% or 213,941 shares. Massmutual Com Fsb Adv has 21 shares for 0% of their US portfolio. Panagora Asset Mngmt Incorporated accumulated 0.14% or 881,953 shares.

Insider Transactions: Since August 8, 2016, the stock had 1 insider purchase, and 0 insider sales for $31,167 net activity. COVIELLO PHILIP E JR also bought $31,167 worth of Kimco Realty Corp (NYSE:KIM) on Monday, August 8.

Kimco Realty Corporation is a real estate investment trust. The company has a market cap of $11.19 billion. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. It has a 21.53 P/E ratio. The Firm holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area , located in approximately 40 states of the United States, Puerto Rico and Canada.

According to Zacks Investment Research, “Kimco Realty Corp. together with its subsidiaries, is a self-administered real estate investment trust and is one of the nation’s largest owners and operators of neighborhood and community shopping centers. The company’s portfolio of property interests includes neighborhood and community shopping center properties, regional malls, retail store leases, parcels of undeveloped land, and projects under development.”

KIM Company Profile

Kimco Realty Corporation, incorporated on March 25, 1994, is a real estate investment trust. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Firm holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

Another recent and important Kimco Realty Corp (NYSE:KIM) news was published by Forbes.com which published an article titled: “Relative Strength Alert For Kimco Realty” on October 27, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>