Kimco Realty Corp (KIM) is Upgraded by Argus to Buy

Kimco Realty Corp (KIM) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Nov 25, 2016.

On the company’s financial health, Kimco Realty Corp reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.37.Analysts expectations of $ 288.92.During the same quarter in the previous year, the company posted $0.40 EPS.

Kimco Realty Corp opened for trading at $25.62 and hit $25.8 on the upside on Monday, eventually ending the session at $25.65, with a gain of 0.16% or 0.04 points. The heightened volatility saw the trading volume jump to 55,28,883 shares. Company has a market cap of $10,902 M.

Investors should note that on Oct 27, 2016, Kimco Realty Corp announced a cash dividend of $0.2700. The company’s management has announced Dec 29, 2016 as the ex-dividend date and fixed the record date on Jan 3, 2017. The payable date has been fixed on Jan 17, 2017.

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 America’s 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.

Kimco Realty Corp

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