Kimco Realty Corporation (KIM) has been under a strong bear grip, hence the stock is down -0.56% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.07% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2% in the last 1 week, and is up 2.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.22% and the 50-Day Moving Average is 7.9%. Kimco Realty Corporation is up 15.09% in the last 3-month period. Year-to-Date the stock performance stands at 23.4%.
Kimco Realty Corporation (NYSE:KIM): stock turned positive on Friday. Though the stock opened at $31.73, the bulls momentum made the stock top out at $32.24 level for the day. The stock recorded a low of $31.671 and closed the trading day at $32.1, in the green by 0.85%. The total traded volume for the day was 2,815,378. The stock had closed at $31.83 in the previous days trading.
Also, In a research note released to the investors, UBS maintains its rating on Kimco Realty Corporation (NYSE:KIM).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, UBS raises the new price target from $27 per share to $30 per share. The rating by the firm was issued on July 28, 2016.
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.