November 25, 2016 - By Hazel Jackson
Kimco Realty (NYSE:KIM)‘s stock was raised to “Buy” by research analysts at Argus. KIM’s “Hold” rating is no longer valid.
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 15.61% above today’s ($26.2) stock price. Kimco Realty has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and $34 target price in Tuesday, July 19 report. Deutsche Bank maintained Kimco Realty Corp (NYSE:KIM) on Wednesday, August 17 with “Hold” rating. The stock of Kimco Realty Corp (NYSE:KIM) earned “Neutral” rating by Boenning & Scattergood on Tuesday, June 28. The stock has “Buy” rating given by BTIG Research on Thursday, August 25. The firm has “Buy” rating by Argus Research given on Wednesday, December 16. The firm earned “Overweight” rating on Tuesday, December 15 by Barclays Capital. As per Monday, August 24, the company rating was downgraded by Zacks. As per Tuesday, September 8, the company rating was maintained by Evercore. The rating was initiated by Canaccord Genuity with “Buy” on Wednesday, July 22. JP Morgan maintained the stock with “Overweight” rating in Thursday, August 11 report.
About 944,450 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 $174.13 million for 15.99 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.
Janus Capital Mgmt Limited, a Colorado-based fund reported 3.02M shares. Conning Inc, a Connecticut-based fund reported 13,446 shares. Blume has invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). Toronto Dominion Financial Bank, a Ontario – Canada-based fund reported 2,303 shares. Texas Permanent School Fund, a Texas-based fund reported 136,151 shares. Ameriprise reported 365,486 shares or 0.01% of all its holdings. Meeder Asset last reported 0.05% of its portfolio in the stock. Transamerica Advsrs holds 0% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 28 shares. Moreover, Parkside Bancorporation And Tru has 0% invested in Kimco Realty Corp (NYSE:KIM) for 62 shares. Evercore Wealth Management Ltd Liability Corp accumulated 2,182 shares or 0% of the stock. Euclid Advsr Ltd Llc reported 80,934 shares or 0.11% of all its holdings. Geode Capital Mgmt Ltd Llc reported 3.98M shares or 0.07% of all its holdings. Bollard Grp Ltd Llc accumulated 0.21% or 98,631 shares. Svcs Automobile Association has invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). The New York-based Edge Wealth Mgmt Limited Liability Corp has invested 0.02% in Kimco Realty Corp (NYSE:KIM).
Insider Transactions: Since August 8, 2016, the stock had 1 insider purchase, and 0 sales for $31,167 net activity. The insider COVIELLO PHILIP E JR bought 1,000 shares worth $31,167.
Kimco Realty Corporation is a real estate investment trust. The company has a market cap of $11.13 billion. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. It has a 21.41 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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