BMO Capital Says That Kimco Realty (NYSE:KIM) Has $21.0 Stock Target

September 17, 2017 - By Richard Conner

 BMO Capital Says That Kimco Realty (NYSE:KIM) Has $21.0 Stock Target

Investors sentiment is 1.07 in Q4 2016. Its the same as in 2016Q3. It has no change, as 42 investors sold Kimco Realty Corp shares while 120 reduced holdings. only 48 funds opened positions while 126 raised stakes. 382.87 million shares or 0.42% more from 381.28 million shares in 2016Q3 were reported.

Meiji Yasuda Asset Communication Ltd, a Japan-based fund reported 18,355 shares. 13,738 were reported by Synovus Corporation. Moreover, Oakbrook Ltd Liability has 0.03% invested in Kimco Realty Corp (NYSE:KIM) for 17,271 shares. Cornerstone Cap Mngmt Holdings Lc holds 0.06% or 295,675 shares. Lord Abbett And Limited Liability Co holds 0.12% or 1.52M shares. 11,604 are held by Federated Pa. Old Mutual Customised Solutions (Proprietary) stated it has 14,600 shares or 0.07% of all its holdings. Evercore Wealth Management Limited Liability Corp has invested 0% of its portfolio in Kimco Realty Corp (NYSE:KIM). 347,700 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Pinebridge Investments Lp has invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). Jones Fincl Cos Lllp holds 0% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 8,304 shares. Fincl Bank Of Montreal Can has 265,754 shares for 0.01% of their portfolio. Verition Fund Ltd Liability Com invested 0.09% of its portfolio in Kimco Realty Corp (NYSE:KIM). Aberdeen Asset Management Plc Uk holds 0.05% or 492,315 shares in its portfolio. Wolverine Asset Management Limited Com reported 18,508 shares.

Since May 8, 2017, it had 2 insider purchases, and 0 selling transactions for $493,242 activity. On Monday, May 8 the insider COVIELLO PHILIP E JR bought $145,812.

Why Has BMO Capital Given Kimco Realty (NYSE:KIM) a $21.0 Price Target

The broker BMO Capital has today has started coverage on Kimco Realty (NYSE:KIM) shares, with a Hold rating, while setting the target price at $21.0.

Investors sentiment is 1.07 in Q4 2016. Its the same as in 2016Q3. It has no change, as 42 investors sold Kimco Realty Corp shares while 120 reduced holdings. only 48 funds opened positions while 126 raised stakes. 382.87 million shares or 0.42% more from 381.28 million shares in 2016Q3 were reported.

Meiji Yasuda Asset Communication Ltd, a Japan-based fund reported 18,355 shares. 13,738 were reported by Synovus Corporation. Moreover, Oakbrook Ltd Liability has 0.03% invested in Kimco Realty Corp (NYSE:KIM) for 17,271 shares. Cornerstone Cap Mngmt Holdings Lc holds 0.06% or 295,675 shares. Lord Abbett And Limited Liability Co holds 0.12% or 1.52M shares. 11,604 are held by Federated Pa. Old Mutual Customised Solutions (Proprietary) stated it has 14,600 shares or 0.07% of all its holdings. Evercore Wealth Management Limited Liability Corp has invested 0% of its portfolio in Kimco Realty Corp (NYSE:KIM). 347,700 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Pinebridge Investments Lp has invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). Jones Fincl Cos Lllp holds 0% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 8,304 shares. Fincl Bank Of Montreal Can has 265,754 shares for 0.01% of their portfolio. Verition Fund Ltd Liability Com invested 0.09% of its portfolio in Kimco Realty Corp (NYSE:KIM). Aberdeen Asset Management Plc Uk holds 0.05% or 492,315 shares in its portfolio. Wolverine Asset Management Limited Com reported 18,508 shares.

Since May 8, 2017, it had 2 insider purchases, and 0 selling transactions for $493,242 activity. On Monday, May 8 the insider COVIELLO PHILIP E JR bought $145,812.

Kimco Realty Corp (NYSE:KIM) Ratings Coverage

Among 14 analysts covering Kimco Realty (NYSE:KIM), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Kimco Realty has $34 highest and $21.0 lowest target. $26.91’s average target is 30.95% above currents $20.55 stock price. Kimco Realty had 35 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was initiated by BMO Capital Markets on Monday, September 11 with “Hold”. The firm has “Buy” rating given on Monday, June 19 by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Monday, June 26. As per Friday, December 16, the company rating was downgraded by JP Morgan. The stock of Kimco Realty Corp (NYSE:KIM) has “Outperform” rating given on Monday, January 9 by Raymond James. The stock of Kimco Realty Corp (NYSE:KIM) earned “Neutral” rating by Boenning & Scattergood on Tuesday, June 28. Deutsche Bank maintained the shares of KIM in report on Wednesday, August 17 with “Hold” rating. The rating was downgraded by Goldman Sachs on Tuesday, November 29 to “Sell”. As per Friday, April 28, the company rating was maintained by Canaccord Genuity. Robert W. Baird upgraded the shares of KIM in report on Monday, March 13 to “Outperform” rating.

The stock increased 0.24% or $0.05 on September 15, reaching $20.55. About 6.46M shares traded or 82.49% up from the average. Kimco Realty Corp (NYSE:KIM) has declined 31.73% since September 17, 2016 and is downtrending. It has underperformed by 48.43% the S&P500.

Investors wait Kimco Realty Corp (NYSE:KIM) to report on October, 25 after the close. its quarterly earnings Wall Street analysts expect $0.38 earnings per share, $0.00 or 0.00 % from last year’s $0.38 same quarter earnings. This translates into $161.80 million profit for KIM giving the stock a 13.52 P/E. This is assuming the current $0.38 EPS is accurate. Kimco Realty Corp’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.38 EPS reproted in the previous quarter,

Kimco Realty Corporation is a self-administered real estate investment trust. The company has market cap of $8.75 billion. The Firm is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. It has a 53.32 P/E ratio. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area , located in 32 states, Puerto Rico and Canada.

More notable recent Kimco Realty Corp (NYSE:KIM) news were published by: Nasdaq.com which released: “Kimco Realty Named Top Dividend Stock With Insider Buying and 5.36% Yield (KIM)” on September 11, 2017, also Businesswire.com with their article: “Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustainability North …” published on September 12, 2017, Benzinga.com published: “Kimco Realty An Unusual Victim Of Retail Woes; Shares Downgraded” on August 28, 2017. More interesting news about Kimco Realty Corp (NYSE:KIM) were released by: Seekingalpha.com and their article: “Kimco Realty’s (KIM) CEO Conor Flynn Presents at Bank of America Merrill Lynch …” published on September 14, 2017 as well as Businesswire.com‘s news article titled: “Kimco Realty Corporation to Present at Bank of America Merrill Lynch Global …” with publication date: September 11, 2017.

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