Stock Worth Watching: Could Kimco Realty Corp Change Direction After Today’s Significant Decline?

Stock Worth Watching: Could Kimco Realty Corp Change Direction After Today's Significant Decline?

The stock of Kimco Realty Corp (NYSE:KIM) is a huge mover today! The stock decreased 2.94% or $0.85 during the last trading session, hitting $28.1. Kimco Realty Corp (NYSE:KIM) has risen 2.59% since March 1, 2016 and is uptrending. It has underperformed by 9.62% the S&P500.
The move comes after 7 months negative chart setup for the $11.82 billion company. It was reported on Oct, 4 by We have $26.41 PT which if reached, will make NYSE:KIM worth $709.20M less.

Analysts await Kimco Realty Corp (NYSE:KIM) to report earnings on October, 27 after the close. They expect $0.36 earnings per share, 0.00% or $0.00 from last year’s $0.36 per share. KIM’s profit will be $151.43M for 19.51 P/E if the $0.36 EPS becomes a reality. After $0.38 actual earnings per share reported by Kimco Realty Corp for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

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. Kimco Realty has been the topic of 17 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Tuesday, July 19 with “Overweight”. The stock of Kimco Realty Corp (NYSE:KIM) has “Overweight” rating given on Tuesday, December 15 by Barclays Capital. The stock has “Buy” rating given by Zacks on Monday, August 24. The stock of Kimco Realty Corp (NYSE:KIM) has “Hold” rating given on Wednesday, August 17 by Deutsche Bank. Evercore maintained Kimco Realty Corp (NYSE:KIM) rating on Tuesday, September 8. Evercore has “Hold” rating and $25 price target. As per Wednesday, December 16, the company rating was upgraded by Argus Research. Canaccord Genuity initiated it with “Buy” rating and $28 target price in Wednesday, July 22 report. BTIG Research initiated the stock with “Buy” rating in Thursday, August 25 report. The firm earned “Neutral” rating on Tuesday, June 28 by Boenning & Scattergood. The stock has “Overweight” rating given by JP Morgan on Thursday, August 11.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.08, from 1.23 in 2016Q1. The ratio turned 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.
The Arizona-based Arizona State Retirement Sys has invested 0.05% in Kimco Realty Corp (NYSE:KIM). Profund Advsr Llc reported 29,743 shares or 0.05% of all its holdings. Retirement System Of Alabama holds 0.04% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 213,941 shares. Wendell David Associate accumulated 14,050 shares or 0.09% of the stock. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 25,000 shares. The Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in Kimco Realty Corp (NYSE:KIM). Victory Capital Mngmt accumulated 0.29% or 2.31M shares. Blue Bell Private Wealth Management Ltd Company reported 33 shares or 0% of all its holdings. Apg Asset Management Nv accumulated 0.1% or 1.71M shares. Amica Pension Fund Board Of Trustees last reported 0.05% of its portfolio in the stock. Voya Inv Management Limited Liability Com has 286,208 shares for 0.02% of their US portfolio. Pictet Asset Mngmt owns 219,609 shares or 0.02% of their US portfolio. Hsbc Holding Pcl has 1.26 million shares for 0.11% of their US portfolio. Grace White Inc Ny holds 0.55% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 77,202 shares. Macquarie holds 1.14M shares or 0.07% of its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 1 buying transaction, and 1 insider sale for $1.70 million net activity. Flynn Conor C also sold $1.73M worth of Kimco Realty Corp (NYSE:KIM) shares. 1,000 Kimco Realty Corp (NYSE:KIM) shares with value of $31,167 were bought by COVIELLO PHILIP E JR.

More notable recent Kimco Realty Corp (NYSE:KIM) news were published by: which released: “Ex-Dividend Reminder: Brandywine Realty Trust, National General Holdings and …” on September 29, 2016, also with their article: “Kimco Realty Invites Retail & Real Estate Professionals to Enter its Annual …” published on September 26, 2016, published: “Correction: Fitch Rates Kimco’s Senior Unsecured Bonds due 2026 ‘BBB+'” on September 26, 2016. More interesting news about Kimco Realty Corp (NYSE:KIM) were released by: and their article: “Kimco Realty Corporation to Present at Barclays Global Financial Services …” published on September 08, 2016 as well as‘s news article titled: “Kimco Realty Corporation to Present at Bank of America Merrill Lynch Global …” with publication date: September 12, 2016.

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.

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