Kimco Realty Corp (KIM) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $31 . Canaccord Genuity advised their investors in a research report released on Aug 16, 2016.
Many Wall Street Analysts have commented on Kimco Realty Corp. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 34 from a previous price target of $31 .Citigroup Downgraded Kimco Realty Corp on Jul 7, 2016 to ” Neutral”, Price Target of the shares are set at $32.
On the company’s financial health, Kimco Realty Corp reported $0.38 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $287.12 million for the quarter, compared to analysts expectations of $294.13 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS.
Kimco Realty Corp closed down -0.04 points or -0.13% at $30.46 with 23,94,589 shares getting traded on Monday. Post opening the session at $30.5, the shares hit an intraday low of $30.38 and an intraday high of $30.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Jul 27, 2016, Kimco Realty Corp announced a cash dividend of $0.2550. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 17, 2016.
In a different news, on Aug 10, 2016, Philip E Jr Coviello (director) purchased 1,000 shares at $31.17 per share price. According to the SEC, on May 10, 2016, Conor C Flynn (President and CEO) sold 58,300 shares at $29.72 per share price. On Mar 30, 2016, Paul Westbrook (VP – Cheif Accounting Officer) sold 7,429 shares at $28.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North Americas largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.