Kimco Realty Corporation (KIM) Downgraded by Argus to "Hold"


14 September, 2017

During last 3 month period, -1.84% of total institutional ownership has changed in the company shares. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Kimco Realty Corporation by 2.5% in the second quarter.

The consensus recommendation, according to Zacks Investment research, is 2.31. Robert W. Baird upgraded the shares of KRC in report on Thursday, January 7 to "Outperform" rating. It improved, as 42 investors sold Kimco Realty Corp shares while 120 reduced holdings. At the close of regular trading, its last week's stock price volatility was 1.7% which for the month reaches 1.7%. Finally, Mitsubishi UFJ Kokusai Asset Management Co.

08/16/2016 - Kimco Realty Corporation had its "buy" rating reiterated by analysts at Canaccord Genuity. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 130,075 shares of the real estate investment trust's stock valued at $4,082,000 after buying an additional 5,098 shares during the last quarter. BB&T Securities LLC lifted its stake in shares of Kimco Realty Corporation by 7.6% in the 1st quarter. The stock has "Buy" rating by Bank of America on Friday, October 14. Twin Capital Management Inc.'s holdings in Kimco Realty Corporation were worth $3,927,000 at the end of the most recent quarter. Amica Retiree holds 0.3% of its portfolio in Kilroy Realty Corp (NYSE:KRC) for 5,106 shares. Alpine Woods Cap Ltd Liability Company holds 0.97% of its portfolio in Kilroy Realty Corp (NYSE:KRC) for 239,773 shares. They now have a Dollars 23 price target on the stock. Kimco Realty has $34 highest and $21 lowest target. KIM's latest closing price was -8.01% away from the average-price of 200 days while it maintained a distance of 2.38% from the 50 Day Moving Average and 1.22% away compared to its SMA 20. Kimco Realty Corp (NYSE:KIM) has declined 31.73% since September 12, 2016 and is downtrending. While in the same Quarter Previous year, the Actual EPS was $-0.13. Kimco Realty Corporation had a net margin of 21.77% and a return on equity of 4.68%. The company had revenue of $292.84 million for the quarter, compared to analysts' expectations of $290.95 million. Invictus RG acquired a new position in Kilroy Realty Corporation in the 1st quarter valued at about $131,000.

The company has mean EPS estimate of 0.39 reported by 17 number of analyst for the quarter ending Current Qtr.(Sep2017). The company also recently declared a dividend that will be paid on Mon Oct 16, 2017. The ex-dividend date is Tuesday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.40%. Kimco Realty Corporation's payout ratio is presently 220.41%.

Several equities analysts recently issued reports on the stock. The stock of Kimco Realty Corp (NYSE:KIM) has "Overweight" rating given on Tuesday, July 19 by Barclays Capital.

Advantus Capital Management Inc decreased Ltc Properties Inc (NYSE:LTC) stake by 14,400 shares to 79,804 valued at $3.75M in 2016Q4. Boenning Scattergood reissued a "hold" rating on shares of Kimco Realty Corporation in a research note on Friday, July 28th. The stock of Kimco Realty Corp (NYSE:KIM) earned "Hold" rating by Deutsche Bank on Wednesday, August 17. If the published price targets set by Kimco Realty Corporation analysts have any power to influence the stock's share price, the highest price target set for KIM is $31. The consensus analyst target price is $23.56. The firm owned 695,097 shares of the real estate investment trust's stock after buying an additional 13,346 shares during the period. The Company 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. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada.

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