Kimco Realty (NYSE:KIM) has been downgraded from Buy to Hold in a report by Stifel Nicolaus today.
- Updated: October 3, 2016
Stifel Nicolaus has downgraded Kimco Realty (NYSE:KIM) from Buy to Hold in a statement released on 10/04/2016.
Having a price of $28.10, Kimco Realty (NYSE:KIM) traded -2.07% lower on the day. With the last close down -4.83% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Kimco Realty has recorded a 50-day average of $29.61 and a two hundred day average of $29.52. Volume of trade was down over the average, with 2,441,388 shares of KIM changing hands under the typical 2,456,130
With a total market value of $0, Kimco Realty has price-earnings ratio of 15.74 with a one year low of $24.75 and a one year high of $32.24 .
A total of 18 equity analysts have released a research note on KIM. Four equity analysts rating the company a strong buy, 4 brokerages rating the stock a buy, 13 brokerages rating the stock a hold, 0 brokerages rating the stock 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 (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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