November 29, 2016 - By Richard Conner · 0 Comments
Kimco Realty Corp (NYSE:KIM) institutional sentiment decreased to 1.07 in 2016 Q2. Its down -0.08, from 1.15 in 2016Q1. The ratio dropped, as 174 investment managers increased or started new positions, while 151 sold and reduced their holdings in Kimco Realty Corp. The investment managers in our partner’s database now have: 390.69 million shares, up from 382.41 million shares in 2016Q1. Also, the number of investment managers holding Kimco Realty Corp in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 34 Reduced: 117 Increased: 146 New Position: 28.
Kimco Realty Corporation is a real estate investment trust. The company has a market cap of $11.28 billion. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. It has a 21.45 P/E ratio. The Firm holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area , located in approximately 40 states of the United States, Puerto Rico and Canada.
The stock decreased 0.38% or $0.1 during the last trading session, hitting $26.25. Kimco Realty Corp (NYSE:KIM) has declined 8.12% since April 26, 2016 and is downtrending. It has underperformed by 13.38% the S&P500.
Analysts await Kimco Realty Corp (NYSE:KIM) to report earnings on February, 2 after the close. They expect $0.41 EPS, up 10.81% or $0.04 from last year’s $0.37 per share. KIM’s profit will be $176.18M for 16.01 P/E if the $0.41 EPS becomes a reality. After $0.38 actual EPS reported by Kimco Realty Corp for the previous quarter, Wall Street now forecasts 7.89% EPS growth.
According to Zacks Investment Research, “Kimco Realty Corp. together with its subsidiaries, is a self-administered real estate investment trust and is one of the nation’s largest owners and operators of neighborhood and community shopping centers. The company’s portfolio of property interests includes neighborhood and community shopping center properties, regional malls, retail store leases, parcels of undeveloped land, and projects under development.”
Cbre Clarion Securities Llc holds 4.21% of its portfolio in Kimco Realty Corp for 17.09 million shares. Apg Asset Management Us Inc. owns 11.55 million shares or 2.83% of their US portfolio. Moreover, Real Estate Management Services Llc has 2.59% invested in the company for 474,500 shares. The New York-based Kimelman & Baird Llc has invested 1.72% in the stock. Cornerstone Real Estate Advisers Llc, a Connecticut-based fund reported 157,104 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 0 insider sales for $31,167 net activity.
Ratings analysis reveals 63% of Kimco Realty’s analysts are positive. Out of 8 Wall Street analysts rating Kimco Realty, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $25 while the high is $34. The stock’s average target of $30.29 is 15.39% above today’s ($26.25) share price. KIM was included in 18 notes of analysts from July 22, 2015. The firm has “Hold” rating by Evercore given on Tuesday, September 8. The rating was upgraded by Argus Research to “Buy” on Friday, November 25. Zacks downgraded Kimco Realty Corp (NYSE:KIM) on Monday, August 24 to “Buy” rating. As per Wednesday, December 16, the company rating was upgraded by Argus Research. BTIG Research initiated it with “Buy” rating and $34 target price in Thursday, August 25 report. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, December 15. The stock of Kimco Realty Corp (NYSE:KIM) earned “Overweight” rating by Barclays Capital on Tuesday, July 19. JP Morgan maintained the stock with “Overweight” rating in Thursday, August 11 report. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, July 22. As per Wednesday, August 17, the company rating was maintained by Deutsche Bank.
Kimco Realty Corporation, incorporated on March 25, 1994, is a real estate investment trust. The Firm is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Firm holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.
Another recent and important Kimco Realty Corp (NYSE:KIM) news was published by Forbes.com which published an article titled: “Short Interest In Kimco Realty Drops 10.3%” on November 28, 2016.
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By Richard Conner