November 29, 2016 - By Marguerite Chambers
In a a report revealed to clients on 29 November, Goldman stated it was downgrading Kimco Realty (NYSE:KIM) stock rating from a Neutral to a Sell.
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 16.54% above today’s ($25.99) stock price. Kimco Realty has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Argus Research upgraded Kimco Realty Corp (NYSE:KIM) on Friday, November 25 to “Buy” rating. The stock of Kimco Realty Corp (NYSE:KIM) has “Hold” rating given on Tuesday, September 8 by Evercore. The firm has “Neutral” rating by Boenning & Scattergood given on Tuesday, June 28. The firm has “Buy” rating given on Thursday, August 25 by BTIG Research. The stock has “Overweight” rating given by JP Morgan on Thursday, August 11. The rating was maintained by Barclays Capital on Tuesday, July 19 with “Overweight”. The stock of Kimco Realty Corp (NYSE:KIM) has “Buy” rating given on Wednesday, July 22 by Canaccord Genuity. The firm has “Hold” rating by Deutsche Bank given on Wednesday, August 17. The rating was upgraded by Argus Research on Wednesday, December 16 to “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, December 15 report.
About 1.52M shares traded hands. Kimco Realty Corp (NYSE:KIM) has declined 8.12% since April 26, 2016 and is downtrending. It has underperformed by 13.38% 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 $173.53 million for 15.85 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 fall, 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.
Tci Wealth Advisors Inc holds 119 shares or 0% of its portfolio. Moreover, Daiwa Secs Grp Incorporated has 0.01% invested in Kimco Realty Corp (NYSE:KIM) for 27,700 shares. Aqr Cap Management owns 382,172 shares or 0.02% of their US portfolio. Toronto Dominion Bancshares holds 2,303 shares or 0% of its portfolio. Fort Washington Investment Oh holds 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 19,200 shares. Rhumbline Advisers last reported 614,443 shares in the company. Amalgamated Retail Bank has invested 0.03% of its portfolio in Kimco Realty Corp (NYSE:KIM). Oakbrook Invests Limited Company last reported 23,521 shares in the company. Savings Bank Of Nova Scotia has invested 0% of its portfolio in Kimco Realty Corp (NYSE:KIM). Virtu Fincl Limited last reported 0.04% of its portfolio in the stock. Teacher Retirement Sys Of Texas reported 489,202 shares or 0.1% of all its holdings. Price T Rowe Associate Md accumulated 0.06% or 9.37 million shares. Bb&T accumulated 0% or 3,000 shares. Texas Yale Capital accumulated 0.14% or 43,900 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.05% invested in Kimco Realty Corp (NYSE:KIM) for 12,584 shares.
Insider Transactions: Since August 8, 2016, the stock had 1 buy, and 0 sales for $31,167 net activity. COVIELLO PHILIP E JR also bought $31,167 worth of Kimco Realty Corp (NYSE:KIM) shares.
Kimco Realty Corporation is a real estate investment trust. The company has a market cap of $11.00 billion. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. It has a 21.24 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: “Short Interest In Kimco Realty Drops 10.3%” on November 28, 2016.
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