The stock of Kimco Realty Corp (NYSE:KIM) is a huge mover today! Kimco Realty Corp (NYSE:KIM) has risen 2.30% since March 9, 2016 and is uptrending. It has underperformed by 5.11% the S&P500.
The move comes after 7 months positive chart setup for the $11.73B company. It was reported on Oct, 12 by Barchart.com. We have $41.00 PT which if reached, will make NYSE:KIM worth $5.51B more.
Analysts await Kimco Realty Corp (NYSE:KIM) to report earnings on October, 27 after the close. They expect $0.36 EPS, 0.00% or $0.00 from last year’s $0.36 per share. KIM’s profit will be $151.41 million for 19.37 P/E if the $0.36 EPS becomes a reality. After $0.38 actual EPS 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 initiated by Canaccord Genuity with “Buy” on Wednesday, July 22. The stock of Kimco Realty Corp (NYSE:KIM) has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. On Tuesday, December 15 the stock rating was maintained by Barclays Capital with “Overweight”. As per Thursday, August 11, the company rating was maintained by JP Morgan. The rating was maintained by Deutsche Bank on Wednesday, August 17 with “Hold”. Boenning & Scattergood initiated Kimco Realty Corp (NYSE:KIM) on Tuesday, June 28 with “Neutral” rating. The firm has “Buy” rating by BTIG Research given on Thursday, August 25. 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. The stock has “Buy” rating given by Zacks on Monday, August 24.
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 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.
Pinebridge Invs Lp reported 17,424 shares or 0.03% of all its holdings. Price T Rowe Assocs Md has 0.06% invested in the company for 9.37M shares. The Minnesota-based Advantus Management Incorporated has invested 0.81% in Kimco Realty Corp (NYSE:KIM). Los Angeles Mgmt And Equity owns 1.28M shares or 0.34% of their US portfolio. Tarbox Group Incorporated Incorporated owns 53 shares or 0% of their US portfolio. Guardian Life Co Of America holds 0% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 1,551 shares. Blackrock Inv Management Limited Liability Corporation holds 895,662 shares or 0.04% of its portfolio. Franklin Resources has 0.02% invested in the company for 893,311 shares. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 233,152 shares. Wetherby Asset, a California-based fund reported 7,437 shares. Gam Ag has 12,381 shares for 0.01% of their US portfolio. Creative Planning accumulated 8,924 shares or 0% of the stock. Henderson Grp Inc Pcl holds 0.01% or 48,491 shares in its portfolio. Garrison Bradford & Associates accumulated 0.68% or 22,000 shares. Checchi Cap Advisers Lc owns 1,561 shares or 0.01% of their US portfolio.
Insider Transactions: Since May 9, 2016, the stock had 1 insider purchase, and 1 insider sale for $1.70 million net activity. 58,300 Kimco Realty Corp (NYSE:KIM) shares with value of $1.73M were sold by Flynn Conor C. 1,000 shares were bought by COVIELLO PHILIP E JR, worth $31,167.
More recent Kimco Realty Corp (NYSE:KIM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Brandywine Realty Trust, National General Holdings and …” on September 29, 2016. Also Businesswire.com published the news titled: “Kimco Realty Third Quarter 2016 Transaction Activity Exceeds $360 Million” on October 11, 2016. Businesswire.com‘s news article titled: “Kimco Realty Corporation to Present at Bank of America Merrill Lynch Global …” with publication date: September 12, 2016 was also an interesting one.
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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