Finally Time to Make a Move? BMO Capital Initiates Coverage On Kimco Realty (NYSE:KIM) with $21.0 Price Target

September 17, 2017 - By Stephen Andrade

 Finally Time to Make a Move? BMO Capital Initiates Coverage On Kimco Realty (NYSE:KIM) with $21.0 Price Target

Investors sentiment is 1.07 in Q4 2016. Its the same as in 2016Q3. It is flat, as 42 investors sold Kimco Realty Corp shares while 120 reduced holdings. only 48 funds opened positions while 126 raised stakes. 382.87 million shares or 0.42% more from 381.28 million shares in 2016Q3 were reported.

The Germany-based Dekabank Deutsche Girozentrale has invested 0% in Kimco Realty Corp (NYSE:KIM). Catalyst Capital Advsr Ltd Liability Co stated it has 2,350 shares or 0% of all its holdings. Lord Abbett & Ltd Liability Corporation invested in 0.12% or 1.52M shares. The Massachusetts-based Winslow Evans Crocker has invested 0% in Kimco Realty Corp (NYSE:KIM). Delta Lloyd Nv holds 0.16% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 196,818 shares. Norinchukin National Bank & Trust The stated it has 25,784 shares or 0.02% of all its holdings. Gateway Advisers Lc holds 0.01% or 29,917 shares. Axa has invested 0% in Kimco Realty Corp (NYSE:KIM). Ameriprise Inc holds 0.01% or 541,820 shares in its portfolio. Dubuque Bancorporation And Trust owns 223 shares. Natl Bank Of America Corporation De holds 4.64 million shares. Apriem Advsrs invested in 150 shares or 0% of the stock. Pensionfund Dsm Netherlands accumulated 57,731 shares. Alliancebernstein Lp owns 1.03M shares or 0.02% of their US portfolio. Heitman Real Secs Ltd Liability Corporation has 2.02% invested in Kimco Realty Corp (NYSE:KIM).

Since May 8, 2017, it had 2 insider buys, and 0 insider sales for $493,242 activity.

Why Has BMO Capital Given Kimco Realty (NYSE:KIM) a $21.0 Price Target

New York: Kimco Realty (NYSE:KIM) coverage was initiated with a key ‘”Hold”‘ rating as well as a $21.0 target price per share at BMO Capital. The target by BMO Capital would suggest upside of 2.19 % from the close price.

Investors sentiment is 1.07 in Q4 2016. Its the same as in 2016Q3. It is flat, as 42 investors sold Kimco Realty Corp shares while 120 reduced holdings. only 48 funds opened positions while 126 raised stakes. 382.87 million shares or 0.42% more from 381.28 million shares in 2016Q3 were reported.

The Germany-based Dekabank Deutsche Girozentrale has invested 0% in Kimco Realty Corp (NYSE:KIM). Catalyst Capital Advsr Ltd Liability Co stated it has 2,350 shares or 0% of all its holdings. Lord Abbett & Ltd Liability Corporation invested in 0.12% or 1.52M shares. The Massachusetts-based Winslow Evans Crocker has invested 0% in Kimco Realty Corp (NYSE:KIM). Delta Lloyd Nv holds 0.16% of its portfolio in Kimco Realty Corp (NYSE:KIM) for 196,818 shares. Norinchukin National Bank & Trust The stated it has 25,784 shares or 0.02% of all its holdings. Gateway Advisers Lc holds 0.01% or 29,917 shares. Axa has invested 0% in Kimco Realty Corp (NYSE:KIM). Ameriprise Inc holds 0.01% or 541,820 shares in its portfolio. Dubuque Bancorporation And Trust owns 223 shares. Natl Bank Of America Corporation De holds 4.64 million shares. Apriem Advsrs invested in 150 shares or 0% of the stock. Pensionfund Dsm Netherlands accumulated 57,731 shares. Alliancebernstein Lp owns 1.03M shares or 0.02% of their US portfolio. Heitman Real Secs Ltd Liability Corporation has 2.02% invested in Kimco Realty Corp (NYSE:KIM).

Since May 8, 2017, it had 2 insider buys, and 0 insider sales for $493,242 activity.

Kimco Realty Corp (NYSE:KIM) Ratings Coverage

Among 14 analysts covering Kimco Realty (NYSE:KIM), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Kimco Realty has $34 highest and $21.0 lowest target. $26.91’s average target is 30.95% above currents $20.55 stock price. Kimco Realty had 35 analyst reports since July 22, 2015 according to SRatingsIntel. As per Monday, August 14, the company rating was maintained by Citigroup. The firm has “Hold” rating given on Friday, July 28 by Boenning & Scattergood. Boenning & Scattergood maintained Kimco Realty Corp (NYSE:KIM) on Friday, August 18 with “Hold” rating. The rating was initiated by BMO Capital Markets with “Hold” on Monday, September 11. The firm earned “Neutral” rating on Tuesday, June 20 by Goldman Sachs. The firm earned “Overweight” rating on Monday, June 26 by Barclays Capital. The stock of Kimco Realty Corp (NYSE:KIM) has “Neutral” rating given on Tuesday, June 28 by Boenning & Scattergood. Robert W. Baird maintained the shares of KIM in report on Tuesday, August 22 with “Buy” rating. RBC Capital Markets maintained Kimco Realty Corp (NYSE:KIM) rating on Wednesday, July 26. RBC Capital Markets has “Buy” rating and $2600 target. The stock has “Sell” rating by Goldman Sachs on Tuesday, November 29.

The stock increased 0.24% or $0.05 on September 15, reaching $20.55. About 6.46M shares traded or 82.49% up from the average. Kimco Realty Corp (NYSE:KIM) has declined 31.73% since September 17, 2016 and is downtrending. It has underperformed by 48.43% the S&P500.

Analysts expect Kimco Realty Corp (NYSE:KIM) to report $0.38 EPS on October, 25 after the close.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.38 EPS. KIM’s profit would be $161.80 million giving it 13.52 P/E if the $0.38 EPS is correct. After having $0.38 EPS previously, Kimco Realty Corp’s analysts see 0.00 % EPS growth.

Kimco Realty Corporation is a self-administered real estate investment trust. The company has market cap of $8.75 billion. 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. It has a 53.32 P/E ratio. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area , located in 32 states, Puerto Rico and Canada.

More notable recent Kimco Realty Corp (NYSE:KIM) news were published by: Bizjournals.com which released: “Kimco aims to redevelop Palm Beach Gardens retail into apartments, wellness …” on August 24, 2017, also Benzinga.com with their article: “Kimco Realty An Unusual Victim Of Retail Woes; Shares Downgraded” published on August 28, 2017, Businesswire.com published: “Kimco Realty Corporation to Present at Bank of America Merrill Lynch Global …” on September 11, 2017. More interesting news about Kimco Realty Corp (NYSE:KIM) were released by: Businesswire.com and their article: “Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustainability North …” published on September 12, 2017 as well as Nasdaq.com‘s news article titled: “Kimco Realty Named Top Dividend Stock With Insider Buying and 5.36% Yield (KIM)” with publication date: September 11, 2017.

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