Popular Stock to Observe: Kimco Realty Corporation (KIM)

Xavier Trudeau
Juillet 6, 2017

The firm exchanged a volume of 5.4 million shares at hands. TCW Group Inc. owned about 0.10% of Kimco Realty Corporation worth $9,871,000 at the end of the most recent quarter. Finally, First Allied Advisory Services Inc. raised its stake in Kimco Realty Corp by 6.1% in the fourth quarter. The Weekly and Monthly Volatility of the stock are 3.72% percent and 3.42% percent, respectively. Nuveen Fund Advisors LLC raised its stake in Kimco Realty Corp by 27.9% in the third quarter. Delta Lloyd Nv has invested 0.16% in Kimco Realty Corp (NYSE:KIM). Mn Services Vermogensbeheer B.V. increased its position in Kimco Realty Corp by 3.9% in the first quarter. The company has market cap of $8.37 billion.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

Kimco Realty Corporation (NYSE:KIM) opened at 18.35 on Friday.

Beta is also an important valuation ratio for analyzing the stock of the company, KIM has Beta of 0.66 while its industry and Sector's beta remains at 0.4 and 1.54 respectively.

The stock's 50 day moving average is 18.33 and its 200 day moving average is 22.19. Kimco Realty Corp has a 12-month low of $17.02 and a 12-month high of $32.24. Ladenburg Thalmann Financial Services Inc. boosted its position in Kimco Realty Corp by 6.6% in the fourth quarter. Comparatively, KIM posted earnings of $0.43 per share in the same quarter, a year earlier.

4 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 302.78 million while high and low sale targets are estimated at 313.3 million and 296.83 million respectively.

Among 11 analysts covering Kimco Realty (NYSE:KIM), 6 have Buy rating, 0 Sell and 5 Hold. For the last quarter, the stock has performed 1.27%. During the same period previous year, the business posted $0.37 EPS. Equities research analysts forecast that Kimco Realty Corp will post $0.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. The ex-dividend date is Monday, July 3rd.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.3 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Kimco Realty Corporation has a dividend payout ratio of 71.1% indicating that its dividend is sufficiently covered by earnings. Kimco Realty Corporation's average EBITDA per Share Growth Rate was -19.1 percent during the past 12 months.

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KIM has been the subject of several research reports. On Tuesday, June 20 the stock rating was upgraded by Goldman Sachs to "Neutral". Barclays PLC dropped their price target on Kimco Realty Corp from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 22nd. Raymond James upgraded Kimco Realty Corp (NYSE:KIM) on Monday, January 9 to "Outperform" rating. Argus Research has "Buy" rating and $29 target. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock was bought at an average price of $19.44 per share, with a total value of $145,800.00. Following the transaction, the director now directly owns 41,045 shares in the company, valued at $797,914.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 20,000 Kimco Realty Corp (NYSE:KIM) shares with value of $347,430 were bought by COVIELLO PHILIP E JR. Following the transaction, the director now directly owns 41,045 shares of the company's stock, valued at approximately $712,951.65. The disclosure for this purchase can be found here.

The Stock now has a consensus recommendation of 2.20.

The Company's segment is its investments in healthcare real estate, including mortgage and other loans, as well as any equity investments in its tenants. The Firm is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores.

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