Kimco Realty Corporation (KIM) : 15 analysts are covering Kimco Realty Corporation (KIM) and their average rating on the stock is 2.13, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Kimco Realty Corporation (KIM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Kimco Realty Corporation (KIM) : The highest short term price target forecast on Kimco Realty Corporation (KIM) is $34 and the lowest target price is $27. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $31.23 with a standard deviation of $2.5.
Company shares have received an average consensus rating of Hold for the current week Kimco Realty Corporation (NYSE:KIM): The stock opened at $31.10 on Thursday but the bulls could not build on the opening and the stock topped out at $31.18 for the day. The stock traded down to $30.29 during the day, due to lack of any buying support eventually closed down at $30.42 with a loss of -2.09% for the day. The stock had closed at $31.07 on the previous day. The total traded volume was 3,321,184 shares.
In a related news,The director officer (President and CEO) of Kimco Realty Corp, Flynn Conor C sold 58,300 shares at $29.72 on May 9, 2016. The Insider selling transaction had a total value worth of $1,732,676. The Insider information was disclosed 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.