In a report released today, Anthony Powell from Barclays maintained a Buy rating on Kimco Realty (KIM – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $20.25.
According to TipRanks, Powell is an analyst with an average return of -5.2% and a 42.69% success rate. Powell covers the Real Estate sector, focusing on stocks such as Equity Lifestyle, SL Green Realty, and Boston Properties.
In addition to Barclays, Kimco Realty also received a Buy from Piper Sandler’s Alexander Goldfarb in a report issued on January 29. However, on the same day, Scotiabank maintained a Hold rating on Kimco Realty (NYSE: KIM).
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Based on Kimco Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $446.07 million and a net profit of $118.24 million. In comparison, last year the company earned a revenue of $433.4 million and had a net profit of $57.95 million
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Kimco Realty (KIM) Company Description:
Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. It also specializes in shopping center acquisitions, development and management. The company was founded by Milton Cooper and Martin S. Kimmel in 1973 and is headquartered in New Hyde Park, NY.
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