Kimco Realty Corp (KIM) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $31 . RBC Capital Mkts advised their investors in a research report released on Aug 1, 2016.
Many Wall Street Analysts have commented on Kimco Realty Corp. 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 FFO per share 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 $0.44 FFO per share $0.37 EPS.
Kimco Realty Corp opened for trading at $31.73 and hit $32.24 on the upside on Friday, eventually ending the session at $32.1, with a gain of 0.85% or 0.27 points. The heightened volatility saw the trading volume jump to 28,15,378 shares. Company has a market cap of $13,471 M.
In a different news, on May 10, 2016, Conor C Flynn (President and CEO) sold 58,300 shares at $29.72 per share price. According to the SEC, on Mar 30, 2016, Paul Westbrook (VP – Cheif Accounting Officer) sold 7,429 shares at $28.48 per share price. On Mar 17, 2016, Glenn Gary Cohen (EVP – CFO and Treasurer) sold 23,300 shares at $28.33 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 America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016 March 31, 2016, the company owned interests in 537 550 U.S. shopping centers comprising 86 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.