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Barclays Keeps Their Buy Rating on Kimco Realty (KIM)

Tipranks - Tipranks - Fri Jun 26, 3:32AM CDT

In a report released today, Richard Hightower from Barclays maintained a Buy rating on Kimco Realty, with a price target of $28.00.

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According to TipRanks, Hightower is an analyst with an average return of -0.7% and a 48.39% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Kimco Realty, Simon Property, and Sun Communities.

In addition to Barclays, Kimco Realty also received a Buy from Wolfe Research’s Andrew Rosivach CFA in a report issued on June 22. However, on June 19, Bank of America Securities reiterated a Hold rating on Kimco Realty (NYSE: KIM).

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Based on Kimco Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $558.02 million and a net profit of $164.9 million. In comparison, last year the company earned a revenue of $536.62 million and had a net profit of $132.82 million

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