November 25, 2016 - By Darrin Black
Trading of Kimco Realty (KIM)‘s shares is going to be interesting today. Argus upgraded the stock from a “Hold” to a “Buy”.
About 105,578 shares traded hands. Kimco Realty Corp (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 $174.12 million for 16.11 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 worsened, 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.
Commonwealth Of Pennsylvania Public School Empls Retrmt Systems accumulated 33,600 shares or 0.02% of the stock. Prudential Fincl has 0.04% invested in the company for 675,566 shares. State Of Alaska Department Of Revenue, a Alaska-based fund reported 105,280 shares. Meiji Yasuda Life last reported 8,480 shares in the company. Canada Pension Plan Investment Board accumulated 607,254 shares or 0.08% of the stock. Security Capital Rech & Mgmt accumulated 1.32 million shares or 1.41% of the stock. The New York-based Ny Life Trust has invested 0.03% in Kimco Realty Corp (NYSE:KIM). Louisiana State Employees Retirement last reported 0.05% of its portfolio in the stock. Euclid, a Connecticut-based fund reported 80,934 shares. Tortoise Investment Mgmt Lc accumulated 400 shares or 0% of the stock. Babson Mgmt Limited has 0.08% invested in the company for 93,877 shares. Muzinich & Com reported 2,251 shares or 0.03% of all its holdings. Credit Suisse Ag holds 0.05% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 1.57 million shares. Cadence Cap Limited Liability accumulated 0.04% or 18,486 shares. Schwab Charles Mngmt has 2.89 million shares for 0.11% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 1 buying transaction, and 0 selling transactions for $31,167 net activity. The insider COVIELLO PHILIP E JR bought $31,167.
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 21.58 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