Kimco Realty Corp (NYSE:KIM) has been downgraded to Sell in a statement by Goldman Sachs Group Inc. earlier today.
- Updated: November 29, 2016
Goldman Sachs Group Inc. has downgraded Kimco Realty Corp (NYSE:KIM) to Sell in a statement released on 11/29/2016.
Having a price of $26.35, Kimco Realty Corp (NYSE:KIM) traded -0.11% lower on the day. With the last close down -9.40% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. KIM has recorded a 50-day average of $26.69 and a two hundred day average of $29.05. Trade Volume was down over the average, with 1,751,335 shares of KIM changing hands under the typical 3,439,670
Recent Performance Chart
Kimco Realty Corp has PE ratio of 17.65 with a one year low of $24.75 and a one year high of $32.24 and has a market capitalization of $0.
A total of 18 analysts have released a report on Kimco Realty Corp. Four analysts rating the company a strong buy, four analysts rating the company a buy, thirteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $30.14.
General Company Details For Kimco Realty Corp (NYSE:KIM)
Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 610 shopping center properties, aggregating over 100 million square feet of gross leasable area (GLA), located in approximately 40 states of the United States, Puerto Rico and Canada. The Company holds approximately 450 other property interests, primarily through the Company's preferred equity investments and other real estate investments, totaling over 7.3 million square feet of GLA. The Company's shopping centers are anchored generally by discount department stores, supermarkets or drugstores. The Company's shopping center properties have various national and regional companies as tenants, such as TJX Companies, The Home Depot, Bed Bath & Beyond, Royal Ahold, Albertsons, Wal-Mart, Kohl's, Petsmart and Ross Stores.
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