After Jefferies and Citigroup gave Kimco Realty (NYSE: KIM) a Buy rating last month, the company received another Buy, this time from UBS. Analyst Michael Goldsmith maintained a Buy rating on Kimco Realty today and set a price target of $25.00. The company’s shares closed last Friday at $22.03.
According to TipRanks.com, Goldsmith is a 3-star analyst with an average return of 6.0% and a 50.0% success rate. Goldsmith covers the Financial sector, focusing on stocks such as Extra Space Storage, Equity Residential, and Boston Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kimco Realty with a $23.56 average price target, which is a 7.4% upside from current levels. In a report issued on July 15, Barclays also maintained a Buy rating on the stock with a $26.00 price target.
Based on Kimco Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $427 million and net profit of $237 million. In comparison, last year the company earned revenue of $282 million and had a net profit of $138 million.
Based on the recent corporate insider activity of 26 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.
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.
Read More on KIM:
- UBS Sticks to Their Buy Rating for Equity Residential (EQR)
- UBS Keeps a Buy Rating on Eastman Chemical (EMN)
- UBS Thinks Celanese’s Stock is Going to Recover
- Analysts Offer Insights on Services Companies: Mastercard (MA), Royal Caribbean (RCL) and Sirius XM Holdings (SIRI)
- Analysts Offer Insights on Industrial Goods Companies: Honeywell International (HON), Masco (MAS) and NOV (NOV)