Kimco Realty (KIM) Receives a New Rating from Compass Point

In a report released today, Floris van Dijkum from Compass Point initiated coverage with a Buy rating on Kimco Realty (KIM – Research Report) and a price target of $28.00. The company’s shares closed yesterday at $23.08.

van Dijkum covers the Real Estate sector, focusing on stocks such as Kimco Realty, Simon Property, and Kite Realty Group. According to TipRanks, van Dijkum has an average return of 4.4% and a 55.13% success rate on recommended stocks.

Kimco Realty has an analyst consensus of Moderate Buy, with a price target consensus of $24.40.

Based on Kimco Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $500.23 million and a net profit of $119.93 million. In comparison, last year the company earned a revenue of $442.84 million and had a net profit of $106.63 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.

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Kimco Realty (KIM) Company Description:

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.