Kimco Realty Corp (NYSE:KIM) Move as Institutional Investors’ Sentiment Improved

January 14, 2018 - By Adrian Mccoy

 Kimco Realty Corp (NYSE:KIM) Move  as Institutional Investors' Sentiment  Improved

Sentiment for Kimco Realty Corp (NYSE:KIM)

Kimco Realty Corp (NYSE:KIM) institutional sentiment increased to 1.25 in Q3 2017. Its up 0.06, from 1.19 in 2017Q2. The ratio improved, as 180 investment professionals increased or started new positions, while 144 reduced and sold their stock positions in Kimco Realty Corp. The investment professionals in our partner’s database now own: 385.41 million shares, up from 372.80 million shares in 2017Q2. Also, the number of investment professionals holding Kimco Realty Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 37 Reduced: 107 Increased: 119 New Position: 61.

Kimco Realty Corporation is an independent real estate investment trust. The company has market cap of $7.13 billion. The firm invests in the real estate markets across North America. It has a 19.51 P/E ratio. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers.

The stock decreased 1.47% or $0.25 during the last trading session, reaching $16.76. About 5.45 million shares traded or 36.91% up from the average. Kimco Realty Corporation (NYSE:KIM) has declined 31.73% since January 14, 2017 and is downtrending. It has underperformed by 48.43% the S&P500.

Analysts await Kimco Realty Corporation (NYSE:KIM) to report earnings on February, 15 before the open. They expect $0.38 EPS, 0.00 % or $0.00 from last year’s $0.38 per share. KIM’s profit will be $161.75M for 11.03 P/E if the $0.38 EPS becomes a reality. After $0.38 actual EPS reported by Kimco Realty Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Hamlin Capital Management Llc holds 3.43% of its portfolio in Kimco Realty Corporation for 4.33 million shares. Cbre Clarion Securities Llc owns 12.64 million shares or 2.74% of their US portfolio. Moreover, Goodman Financial Corp has 2.32% invested in the company for 243,140 shares. The California-based Adelante Capital Management Llc has invested 2.18% in the stock. Apg Asset Management Us Inc., a New York-based fund reported 8.41 million shares.#img1#

Kimco Realty Corporation (NYSE:KIM) Ratings Coverage

Ratings analysis reveals 29% of Kimco Realty’s analysts are positive. Out of 17 Wall Street analysts rating Kimco Realty, 5 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $19.5 while the high is $34. The stock’s average target of $25.11 is 49.82% above today’s ($16.76) share price. KIM was included in 43 notes of analysts from July 22, 2015. The stock of Kimco Realty Corporation (NYSE:KIM) earned “Hold” rating by BMO Capital Markets on Monday, September 11. The stock of Kimco Realty Corporation (NYSE:KIM) earned “Overweight” rating by Barclays Capital on Monday, June 26. The company was downgraded on Friday, December 15 by J.P. Morgan. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, June 20 report. As per Monday, November 27, the company rating was downgraded by Robert W. Baird. The rating was downgraded by Evercore to “In-Line” on Monday, August 14. The firm earned “Buy” rating on Friday, November 25 by Argus Research. RBC Capital Markets maintained it with “Buy” rating and $2600 target in Monday, June 19 report. Robert W. Baird maintained Kimco Realty Corporation (NYSE:KIM) rating on Tuesday, August 22. Robert W. Baird has “Buy” rating and $23.0 target. Citigroup maintained the stock with “Neutral” rating in Monday, November 13 report.

More recent Kimco Realty Corporation (NYSE:KIM) news were published by: Seekingalpha.com which released: “High-Yield REIT Showdown: WP Carey Vs. Kimco Realty” on December 24, 2017. Also Seekingalpha.com published the news titled: “Kimco Realty Corp: This 5.25% Preferred Stock Started Trading On The NYSE” on December 20, 2017. Prnewswire.com‘s news article titled: “Technical Perspectives on GGP Inc., DDR Corp., Kimco Realty, and Weingarten …” with publication date: December 27, 2017 was also an interesting one.

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