UBS Maintains Kimco Realty Corp to Neutral with Price Target $30.00

Brokerage firm UBS Maintains its rating on Kimco Realty Corp(NYSE:KIM). In a research note issued to the investors, the brokerage major Raises the price-target to $30.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Jul 28, 2016.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Kimco Realty Corp. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Citigroup said it Downgrades its rating on Kimco Realty Corp. The shares have been rated ‘Neutral’ by the firm. Boenning & Scattergood said it Initiates Coverage on Kimco Realty Corp, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Neutral’ by the firm.

Kimco Realty Corp (KIM) shares turned negative on Thursdays trading session with the shares closing down -0.23 points or -0.73% at a volume of 19,12,190. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.5. The peak price level was also seen at $31.5 while the days lowest was $31.21. Finally the shares closed at $31.22. The 52-week high of the shares is $32.24 while the 52-week low is $22.07. According to the latest information available, the market cap of the company is $13,114 M.

Kimco Realty Corp has also declared a cash dividend of $0.2550 on Jul 27, 2016. The shares will quote ex-dividend on Oct 3, 2016 and the record date has been fixed on Oct 5, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Kimco Realty Corp(KIM) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $291.49M. Analysts had an estimated revenue of $294.22M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Conor C Flynn (President and CEO) sold 58,300 shares at $29.72 per share price.Also, On Mar 30, 2016, Paul Westbrook (VP – Cheif Accounting Officer) sold 7,429 shares at $28.48 per share price.On Mar 17, 2016, Glenn Gary Cohen (EVP – CFO and Treasurer) sold 23,300 shares at $28.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

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