November 25, 2016 - By Darrin Black
Kimco Realty (NYSE:KIM)‘s “Hold” rating is no longer valid. Analysts at Argus boosted KIM’s rating to a “Buy”.
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 14.65% above today’s ($26.42) stock price. Kimco Realty has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Boenning & Scattergood given on Tuesday, June 28. The firm earned “Buy” rating on Monday, August 24 by Zacks. The firm has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. The rating was upgraded by Argus Research to “Buy” on Wednesday, December 16. The firm earned “Hold” rating on Tuesday, September 8 by Evercore. The stock of Kimco Realty Corp (NYSE:KIM) has “Overweight” rating given on Tuesday, December 15 by Barclays Capital. The rating was maintained by Deutsche Bank on Wednesday, August 17 with “Hold”. The company was maintained on Thursday, August 11 by JP Morgan. The company was initiated on Thursday, August 25 by BTIG Research. The firm has “Buy” rating given on Wednesday, July 22 by Canaccord Genuity.
About 144,821 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 $174.09M for 16.10 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 Q2 2016. Its down 0.08, from 1.15 in 2016Q1. The ratio dived, 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.
Silvercrest Asset Mgmt Ltd holds 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 19,800 shares. Fincl Ser, a Missouri-based fund reported 52 shares. Ing Groep Nv has invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). Louisiana State Employees Retirement Sys last reported 0.05% of its portfolio in the stock. Bb&T reported 3,000 shares or 0% of all its holdings. First Quadrant Lp Ca reported 55,200 shares or 0.04% of all its holdings. Meiji Yasuda Life Company last reported 0.04% of its portfolio in the stock. Natl Bank Of Montreal Can accumulated 564,907 shares or 0.02% of the stock. The New Jersey-based Honeywell has invested 0.11% in Kimco Realty Corp (NYSE:KIM). Winton Capital Gp holds 0.26% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 503,508 shares. Oakbrook Invests Ltd Liability Corp, a Illinois-based fund reported 23,521 shares. Chicago Equity Limited Co accumulated 7,330 shares or 0.01% of the stock. Wendell David Assoc holds 14,050 shares or 0.09% of its portfolio. The Pennsylvania-based Cbre Clarion Ltd Limited Liability Company has invested 4.21% in Kimco Realty Corp (NYSE:KIM). Finemark Commercial Bank Tru holds 31 shares or 0% of its portfolio.
Insider Transactions: Since August 8, 2016, the stock had 1 buying transaction, and 0 selling transactions for $31,167 net activity. 1,000 shares were bought by COVIELLO PHILIP E JR, worth $31,167 on Monday, August 8.
Kimco Realty Corporation is a real estate investment trust. The company has a market cap of $11.22 billion. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. It has a 21.59 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.”
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.
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By Darrin Black