Kimco Realty (KIM) Receives a Hold from BTIG

In a report released yesterday, Michael Gorman from BTIG maintained a Hold rating on Kimco Realty (KIMResearch Report). The company’s shares closed last Monday at $20.30.

According to, Gorman is a 4-star analyst with an average return of 6.5% and a 51.8% success rate. Gorman covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Alpine Income Property Trust Inc, and Retail Opportunity Investments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kimco Realty with a $25.72 average price target, implying a 28.1% upside from current levels. In a report issued on June 22, Compass Point also maintained a Hold rating on the stock with a $22.00 price target.

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Kimco Realty’s market cap is currently $12.55B and has a P/E ratio of 12.27.

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.

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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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