Is Kimco Realty Corporation (KIM)’s Fuel Running Low? The Stock Reaches 1 Year Low Today

April 21, 2018 - By Stephen Andrade

Kimco Realty Corporation (NYSE:KIM) Logo

Investors sentiment decreased to 1.1 in 2017 Q4. Its down 0.15, from 1.25 in 2017Q3. It dropped, as 32 investors sold Kimco Realty Corporation shares while 125 reduced holdings. 59 funds opened positions while 113 raised stakes. 373.17 million shares or 3.17% less from 385.41 million shares in 2017Q3 were reported.
Wellington Group Llp invested 0% of its portfolio in Kimco Realty Corporation (NYSE:KIM). 6.95M were accumulated by Northern. Huntington National Bank & Trust has 0% invested in Kimco Realty Corporation (NYSE:KIM) for 147 shares. Shell Asset Mngmt Co holds 0.04% or 124,446 shares in its portfolio. Lord Abbett & Ltd Com has invested 0.02% in Kimco Realty Corporation (NYSE:KIM). Regions Financial reported 284 shares stake. Bank & Trust Of Ny Mellon holds 0.09% of its portfolio in Kimco Realty Corporation (NYSE:KIM) for 18.75M shares. 639,794 were accumulated by Victory Capital Mngmt. Kempen Capital Mngmt Nv owns 214,207 shares for 0.31% of their portfolio. State Street stated it has 0.04% in Kimco Realty Corporation (NYSE:KIM). Evercore Wealth Mngmt Lc has 600 shares. Honeywell stated it has 162,550 shares or 0.1% of all its holdings. Gsa Prtn Ltd Liability Partnership stated it has 12,688 shares. California Employees Retirement System reported 0.02% stake. Brown Brothers Harriman And stated it has 1,880 shares.

Since February 27, 2018, it had 1 insider buy, and 1 sale for $181,920 activity. LOURENSO FRANK had sold 3,380 shares worth $51,688.

The stock of Kimco Realty Corporation (NYSE:KIM) hit a new 52-week low and has $12.40 target or 7.00 % below today’s $13.33 share price. The 7 months bearish chart indicates high risk for the $5.68 billion company. The 1-year low was reported on Apr, 21 by Barchart.com. If the $12.40 price target is reached, the company will be worth $397.32 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.99% or $0.27 during the last trading session, reaching $13.33. About 4.16M shares traded. Kimco Realty Corporation (NYSE:KIM) has declined 35.77% since April 21, 2017 and is downtrending. It has underperformed by 47.32% the S&P500.

Analysts await Kimco Realty Corporation (NYSE:KIM) to report earnings on April, 26 before the open. They expect $0.36 EPS, down 2.70 % or $0.01 from last year’s $0.37 per share. KIM’s profit will be $153.29M for 9.26 P/E if the $0.36 EPS becomes a reality. After $0.38 actual EPS reported by Kimco Realty Corporation for the previous quarter, Wall Street now forecasts -5.26 % negative EPS growth.

Kimco Realty Corporation (NYSE:KIM) Ratings Coverage

Among 13 analysts covering Kimco Realty (NYSE:KIM), 1 have Buy rating, 2 Sell and 10 Hold. Therefore 8% are positive. Kimco Realty had 18 analyst reports since November 13, 2017 according to SRatingsIntel. Mizuho maintained it with “Hold” rating and $15.5 target in Thursday, February 22 report. On Monday, November 13 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Hold” rating on Thursday, February 15 by Robert W. Baird. The rating was downgraded by Robert W. Baird to “Hold” on Monday, November 27. Evercore downgraded the shares of KIM in report on Monday, March 5 to “Underperform” rating. The firm has “Hold” rating by Stifel Nicolaus given on Friday, December 1. Mizuho maintained the shares of KIM in report on Monday, December 18 with “Hold” rating. The firm has “Hold” rating by Sandler O’Neill given on Friday, February 2. As per Monday, January 22, the company rating was maintained by SunTrust. The stock of Kimco Realty Corporation (NYSE:KIM) has “Overweight” rating given on Tuesday, January 30 by Barclays Capital.

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America??s largest publicly traded owners and operators of open-air shopping centers. The company has market cap of $5.68 billion. As of September 30, 2017, the firm owned interests in 507 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. It has a 15.32 P/E ratio. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the firm has specialized in shopping center acquisitions, development and management for more than 50 years.

Kimco Realty Corporation (NYSE:KIM) Institutional Positions Chart

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