In a report released today, Dori Kesten from Wells Fargo maintained a Hold rating on Kimco Realty (KIM – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $19.63.
According to TipRanks, Kesten is a 4-star analyst with an average return of 7.9% and a 67.77% success rate. Kesten covers the Real Estate sector, focusing on stocks such as Ryman, Xenia Hotels & Resorts, and SITE Centers.
In addition to Wells Fargo, Kimco Realty also received a Hold from Scotiabank’s Nicholas Yulico in a report issued yesterday. However, on February 23, Mizuho Securities maintained a Buy 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
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KIM in relation to earlier this year.
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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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