Brokerage Firm Rating Update on Kimco Realty Corporation (KIM)

Kimco Realty Corporation (KIM) : Zacks Investment Research ranks Kimco Realty Corporation (KIM) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2, which indicates as a Buy.

Kimco Realty Corporation (KIM) : 12 investment research analysts covering Kimco Realty Corporation (KIM) have an average price target of $31.79 for the near short term. The highest target price given by the Brokerage Firm to the stock is $34 and the lowest target is $28 for the short term. Analysts expect the variance to be within $2.23 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on Kimco Realty Corporation (NYSE:KIM). The rating major has initiated the coverage with buy rating on the shares. The Analysts at BTIG Research announces a current price target of $34 per share. The rating by the firm was issued on August 25, 2016.

Kimco Realty Corporation (NYSE:KIM): stock was range-bound between the intraday low of $30.46 and the intraday high of $30.67 after having opened at $30.58 on Wednesdays session. The stock finally closed in the red at $30.58, a loss of -0.33%. The stock remained in the red for the whole trading day. The total traded volume was 2,499,405 shares. The stock failed to cross $30.67 in Wednesdays trading. The stocks closing price on Thursday was $30.68.

Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT), which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties, aggregating 109.5 million square feet of gross leasable area (GLA), and 533 other property interests, primarily through the Companys preferred equity investments and other real estate investments, totaling approximately 11.7 million square feet of GLA, for a total of 1,287 properties aggregating 121.2 million square feet of GLA, located in 41 states in the United States and also in Puerto Rico, Canada, Mexico and Chile. The Companys investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Companys tenants include TJX Companies, The Home Depot, Wal-Mart, Kohls and Bed Bath.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.