Kimco Realty (KIM) Gets a Hold from BMO Capital
In a report released today, Juan C. Sanabria from BMO Capital maintained a Hold rating on Kimco Realty, with a price target of $27.00.
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C. Sanabria covers the Real Estate sector, focusing on stocks such as Kimco Realty, Welltower, and CareTrust REIT. According to TipRanks, C. Sanabria has an average return of 2.0% and a 51.29% success rate on recommended stocks.
In addition to BMO Capital, Kimco Realty also received a Hold from TipRanks – Anthropic’s Anthropic REIT – Retail in a report issued on February 21. However, on the same day, TipRanks – xAI upgraded Kimco Realty (NYSE: KIM) to a Buy.
Based on Kimco Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $542.46 million and a net profit of $151.16 million. In comparison, last year the company earned a revenue of $525.4 million and had a net profit of $166.04 million
Based on the recent corporate insider activity of 22 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. Earlier this month, Frank Lourenso, a Director at KIM sold 8,594.00 shares for a total of $198,865.16.
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