Mizuho Securities Initiates Coverage on Kimco Realty Corp to Neutral

Mizuho Securities Initiates Coverage on Kimco Realty Corp(NYSE:KIM). The shares have been rated Neutral. The rating by Mizuho Securities was issued on Apr 13, 2016.

In a different note, On Feb 19, 2016, Barclays said it Maintains its rating on Kimco Realty Corp. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Overweight’ by the firm.

Kimco Realty Corp (KIM) made into the market gainers list on Fridays trading session with the shares advancing 0.46% or 0.13 points. Due to strong positive momentum, the stock ended at $28.65, which is also near the day’s high of $28.71. The stock began the session at $28.57 and the volume stood at 17,71,229 shares. The 52-week high of the shares is $29.11 and the 52 week low is $22.07. The company has a current market capitalization of $11,853 M and it has 41,37,10,580 shares in outstanding.

Kimco Realty Corp(KIM) last announced its earnings results on Feb 2, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $300.87M. Analysts had an estimated revenue of $286.56M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.35.

Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Paul Westbrook (VP – Cheif Accounting Officer) sold 7,429 shares at $28.48 per share price.Also, On Mar 17, 2016, Glenn Gary Cohen (EVP – CFO and Treasurer) sold 23,300 shares at $28.33 per share price.On Feb 17, 2016, Frank Lourenso (director) sold 6,099 shares at $26.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT) which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties aggregating 109.5 million square feet of gross leasable area (GLA) and 533 other property interests primarily through the Company’s preferred equity investments and other real estate investments totaling approximately 11.7 million square feet of GLA for a total of 1287 properties aggregating 121.2 million square feet of GLA located in 41 states in the United States and also in Puerto Rico Canada Mexico and Chile. The Company’s investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Company’s tenants include TJX Companies The Home Depot Wal-Mart Kohl’s and Bed Bath.

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