Kimco Realty Corporation (KIM) : 15 analysts are covering Kimco Realty Corporation (KIM) and their average rating on the stock is 2.07, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Kimco Realty Corporation (KIM) : The highest level Kimco Realty Corporation (KIM) is projected to reach is $33 for the short term and the lowest estimate is at $27. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $30.35 and the possibility the share price can swing is $1.89.
Kimco Realty Corporation (NYSE:KIM): The stock opened at $31.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.80 for the day. The stock traded down to $31.35 during the day, due to lack of any buying support eventually closed down at $31.51 with a loss of -0.63% for the day. The stock had closed at $31.71 on the previous day. The total traded volume was 4,014,462 shares.
Also, Boenning & Scattergood initiates coverage on Kimco Realty Corporation (NYSE:KIM). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on June 28, 2016. The company shares have rallied 33.01% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $31.73 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $29.08 and the 200 Day Moving Average price is recorded at $27.89.
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.