Opinion

Kimco Realty Corporation (NYSE:KIM) Analyst Estimates And Rating

Kimco Realty Corporation (NYSE:KIM) stock is presently standing at about $21.85 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 18 analysts covering the company is $26.75, which suggests the stock could still rise over 18 percent. The highest analyst price target is $34.00, which implies a rally of 44 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 5 rate KIM a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.

Goldman analysts provided their view on Kimco Realty Corporation (NYSE:KIM) recently. The rating firm issued a Sell rating to this company in a research note released on Nov 29, 2016. Argus analysts disclosed their opinion on Kimco Realty Corporation (NYSE:KIM) recently. The rating firm gave a Buy rating to this stock in a research note published on Nov 25, 2016. According to a research note disclosed on Jul 07, 2016, analysts at Citigroup have lowered their rating on these shares from Buy to Neutral.

Kimco Realty Corporation (NYSE:KIM) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Executive Chairman COOPER MILTON Purchased 5,000 company shares for 120350, in a transaction on 2017-02-15. Following the transaction, the Executive Chairman is left with a stake of 9,938,965 shares, currently valued at $217166385. Meanwhile, Director LOURENSO FRANK sold 6,389 shares worth $160110, through a transaction dated 2017-02-13. Following the completion of the transaction, the insider is left with a stake of 195,933 shares, amounting $4281136.05. KIM Director COVIELLO PHILIP E JR also purchased 1,000 shares, at a stock price of $31.17. This transaction occurred on 2016-08-08 totals $31170. After this transaction, the insider’s stake stands at 7,500 shares, with a market value of $163875.

Executives hold 4.73 percent of the stock. Mr. Milton E. Cooper is one of the biggest insider owners in Kimco Realty Corporation (NYSE:KIM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 9,500,971 shares which have current market value of around $207596216.35.Martin S. Kimmel is another major inside shareholder in the company. The insider owns 8,264,138 shares as of 1.94%, currently worth $180571415.3. Mr. Conor C. Flynn is ranked as third insider holder of the stock. This insider holds 447,789 shares with a market value around $9784189.65 as of recent close.

Kimco Realty Corporation (NYSE:KIM) Earnings Outlook

In Kimco Realty Corporation (NYSE:KIM)’s latest quarter, EPS moved to $0.38 from $0.18 in preceding quarter and revenues reached at $292.91M compared to $279.29M. Analysts had expected Kimco Realty Corporation (NYSE:KIM) to post net income of about $0.38 per share on $286.40M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.36 to $0.38. That is compared with the $0.38 in EPS it reported during the same period a year ago.

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