Kimco Realty Corporation (NYSE:KIM) : The highest level Kimco Realty Corporation (NYSE:KIM) is projected to reach is $33 for the short term and the lowest estimate is at $27. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $30.35 and the possibility the share price can swing is $1.89.
Shares of Kimco Realty Corporation rose by 5.55% in the last five trading days and 10.34% for the last 4 weeks. Kimco Realty Corporation is up 9.61% in the last 3-month period. Year-to-Date the stock performance stands at 19.65%.
Kimco Realty Corporation (NYSE:KIM) : Zacks Investment Research ranks Kimco Realty Corporation (NYSE:KIM) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.07, which indicates as a Buy.
Kimco Realty Corporation (NYSE:KIM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.92 and $30.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.38, notching a gain of 1.49% for the day. The total traded volume was 3,124,148 . The stock had closed at $30.92 on the previous day.
In an insider trading activity, Flynn Conor C, director officer (President and CEO) of Kimco Realty Corp, unloaded 58,300 shares at an average price of $29.72 on May 9, 2016. The total amount of the transaction was worth $1,732,676, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 Companys preferred equity investments and other real estate investments, totaling approximately 11.7 million square feet of GLA, for a total of 1,287 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 Companys investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Companys tenants include TJX Companies, The Home Depot, Wal-Mart, Kohls and Bed Bath.