BMO Capital Says Its Time To Hold Kimco Realty (NYSE:KIM). Will Stock Hit Their Target of $21.0?

September 17, 2017 - By Stephen Andrade

 BMO Capital Says Its Time To Hold Kimco Realty (NYSE:KIM). Will Stock Hit Their Target of $21.0?

Investors sentiment is 1.07 in 2016 Q4. Its the same as in 2016Q3. It is without change, 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.

Chevy Chase Tru has invested 0.05% in Kimco Realty Corp (NYSE:KIM). Driehaus Cap Management Ltd Liability Com holds 0.01% or 14,205 shares in its portfolio. Federated Investors Pa invested in 11,604 shares. Goldman Sachs Grp Inc Inc has 2.63M shares for 0.02% of their portfolio. Psagot Investment House Ltd stated it has 0% of its portfolio in Kimco Realty Corp (NYSE:KIM). 1832 Asset Mngmt Lp invested in 0.01% or 61,600 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). Carroll Fincl Associates invested in 24 shares. Fifth Third Bancorp reported 0% in Kimco Realty Corp (NYSE:KIM). Parametric Assoc Limited Liability Company has invested 0.03% of its portfolio in Kimco Realty Corp (NYSE:KIM). Nomura Asset Mngmt Ltd holds 0.16% in Kimco Realty Corp (NYSE:KIM) or 347,723 shares. Commonwealth Equity reported 51,207 shares. Cordasco Network invested 0.06% in Kimco Realty Corp (NYSE:KIM). Bnp Paribas Prtn reported 0.36% stake. Pacad Invest, a British Columbia – Canada-based fund reported 64,600 shares.

Since May 8, 2017, it had 2 insider buys, and 0 insider sales for $493,242 activity. Shares for $145,812 were bought by COVIELLO PHILIP E JR on Monday, May 8.

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 price by BMO Capital would suggest upside of 2.19 % from the last close price.

Investors sentiment is 1.07 in 2016 Q4. Its the same as in 2016Q3. It is without change, 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.

Chevy Chase Tru has invested 0.05% in Kimco Realty Corp (NYSE:KIM). Driehaus Cap Management Ltd Liability Com holds 0.01% or 14,205 shares in its portfolio. Federated Investors Pa invested in 11,604 shares. Goldman Sachs Grp Inc Inc has 2.63M shares for 0.02% of their portfolio. Psagot Investment House Ltd stated it has 0% of its portfolio in Kimco Realty Corp (NYSE:KIM). 1832 Asset Mngmt Lp invested in 0.01% or 61,600 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). Carroll Fincl Associates invested in 24 shares. Fifth Third Bancorp reported 0% in Kimco Realty Corp (NYSE:KIM). Parametric Assoc Limited Liability Company has invested 0.03% of its portfolio in Kimco Realty Corp (NYSE:KIM). Nomura Asset Mngmt Ltd holds 0.16% in Kimco Realty Corp (NYSE:KIM) or 347,723 shares. Commonwealth Equity reported 51,207 shares. Cordasco Network invested 0.06% in Kimco Realty Corp (NYSE:KIM). Bnp Paribas Prtn reported 0.36% stake. Pacad Invest, a British Columbia – Canada-based fund reported 64,600 shares.

Since May 8, 2017, it had 2 insider buys, and 0 insider sales for $493,242 activity. Shares for $145,812 were bought by COVIELLO PHILIP E JR on Monday, May 8.

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 Tuesday, June 20, the company rating was upgraded by Goldman Sachs. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, July 26 report. Evercore maintained the shares of KIM in report on Tuesday, September 8 with “Hold” rating. The stock has “Neutral” rating by Boenning & Scattergood on Tuesday, June 28. Canaccord Genuity initiated Kimco Realty Corp (NYSE:KIM) rating on Wednesday, July 22. Canaccord Genuity has “Buy” rating and $28 target. The firm has “Hold” rating by Argus Research given on Monday, August 28. As per Friday, December 16, the company rating was downgraded by JP Morgan. Boenning & Scattergood maintained the stock with “Hold” rating in Friday, August 18 report. On Monday, August 14 the stock rating was maintained by Citigroup with “Neutral”. The stock of Kimco Realty Corp (NYSE:KIM) earned “Hold” rating by Boenning & Scattergood on Friday, July 28.

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.

Wall Street await Kimco Realty Corp (NYSE:KIM) to release earnings on October, 25 after the close. Analysts forecast earnings per share of $0.38, exactly $0.00 or 0.00 % from 2014’s $0.38 EPS. The expected KIM’s profit could reach $161.80 million giving the stock 13.52 P/E in the case that $0.38 earnings per share is reported. After posting $0.38 EPS for the previous quarter, Kimco Realty Corp’s analysts now forecast 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: Seekingalpha.com which released: “Kimco Realty’s (KIM) CEO Conor Flynn Presents at Bank of America Merrill Lynch …” on September 14, 2017, also Nasdaq.com with their article: “Kimco Realty Named Top Dividend Stock With Insider Buying and 5.36% Yield (KIM)” published on September 11, 2017, Bizjournals.com published: “Kimco aims to redevelop Palm Beach Gardens retail into apartments, wellness …” on August 24, 2017. More interesting news about Kimco Realty Corp (NYSE:KIM) were released by: Businesswire.com and their article: “Kimco Realty Corporation to Present at Bank of America Merrill Lynch Global …” published on September 11, 2017 as well as Businesswire.com‘s news article titled: “Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustainability North …” with publication date: September 12, 2017.

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