Zacks Investment Research Lowers Kimco Realty Corp (KIM) to Sell

Marco Green
May 19, 2017

In Asset Management Industry, The Blackstone Group L.P. (BX) have 1.2 billion outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. State of Wisconsin Investment Board owned approximately 0.10% of Duke Realty Corp worth $9,641,000 at the end of the most recent quarter. Institutional investors and hedge funds own 92.17% of the company's stock. Quadrant Capital Group LLC increased its stake in shares of Duke Realty Corp by 10.4% in the first quarter.

The number of shares traded in the last trading session was 6.18 Million. Nationwide Fund Advisors increased its position in Kimco Realty Corp by 1.0% in the third quarter. In the last 90 days, insiders have sold 12,549 shares of company stock worth $336,922.

Duke Realty Corp (NYSE:DRE) last posted its quarterly earnings results on Wednesday, April 26th. While it's Return on Investment (ROI) value is 1.8%. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Kimco Realty Corp by 3.9% in the first quarter. Shares of Kosmos Energy Ltd. (KOS) are trading -1.49% downward from the 52-week high mark and 65.83% above from the fifty two-week low mark. The stock exchanged hands with 7.47 million shares contrast to its average daily volume of 7.63 million shares. Shares are trading -12.14% below their 50-day moving average, and -24.96% below their 200-day moving average. Stifel Nicolaus dropped their price objective on Duke Realty Corp from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, January 27th. The Market Capitalization of the company stands at 7.85 Billion. Cibc Asset Mngmt stated it has 0.01% of its portfolio in Kimco Realty Corp (NYSE:KIM). The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.03. Kimco Realty Corp has a one year low of $18.87 and a one year high of $32.24. The Return on Equity (ROE) value stands at 0%. The firm had revenue of $227.30 million during the quarter, compared to analysts' expectations of $204.47 million. During the same quarter a year ago, the business posted $0.28 EPS.

Kimco Realty Corporation (KIM) closed its previous trading session at $18.94 with the gain of 0.11%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Friday, May 12th. Deutsche Bank maintained Kimco Realty Corp (NYSE:KIM) rating on Wednesday, August 17. If you are reading this article on another site, it was copied illegally and republished in violation of global trademark & copyright law.

Additionally on 1/09/17 Raymond James "Upgrades" Kimco Realty Corp (NYSE:KIM) to Outperform setting price target at $0 and on 12/16/16 JP Morgan "Downgrades" the stock to Neutral at $0. Its book value per share for the most recent quarter is $12.31 while its price to book ratio for the same period is 1.47, as for as the company's cash per share for the most recent quarter is $0.39, however its price to cash per share ratio for the same period is 46.88. Technical analysis can help recognize key technical price levels in the stock.

Price to Earning P/E ratio and Forward P/E stand at 37.35 and 28.23 respectively.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations.

The company's share price is down -3.02% from previous highs of around $28.99 per share on July 29, 2016. Kimco Realty Corp's revenue was down 1.2% on a year-over-year basis. The performance for recent week is -7.02% and the performance for three months is at -25.55%. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. The stock of Kimco Realty Corp (NYSE:KIM) has "Overweight" rating given on Tuesday, July 19 by Barclays Capital. The shares were bought at an average price of $19.44 per share, with a total value of $145,800.00. The disclosure for this sale can be found here.

Beta is also an important valuation ratio for analyzing the stock of the company, KIM has Beta of 0.7 while its industry and Sector's beta remains at 0.39 and 1.55 respectively.

Duke Realty Corporation is a self-managed real estate investment trust (REIT).

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