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Kimco Realty (KIM) Initiated with a Hold at BMO Capital

BMO Capital analyst Juan C. Sanabria initiated coverage with a Hold rating on Kimco Realty (KIMResearch Report) today and set a price target of $26.00. The company’s shares closed last Thursday at $24.86, close to its 52-week high of $25.62.

According to TipRanks.com, Sanabria is a 3-star analyst with an average return of 5.7% and a 59.5% success rate. Sanabria covers the Financial sector, focusing on stocks such as National Storage Affiliates, Sabra Healthcare REIT, and Healthpeak Properties.

Currently, the analyst consensus on Kimco Realty is a Strong Buy with an average price target of $26.75.

See the top stocks recommended by analysts >>

The company has a one-year high of $25.62 and a one-year low of $16.98. Currently, Kimco Realty has an average volume of 4M.

Based on the recent corporate insider activity of 27 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. Most recently, in December 2021, Frank Lourenso, a Director at KIM sold 5,500 shares for a total of $128,590.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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