Truist Financial Gives a Hold Rating to Kimco Realty (KIM)

Truist Financial analyst Michael Lewis assigned a Hold rating to Kimco Realty today and set a price target of $23.00.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 7.8% and a 57.72% success rate. Lewis covers the Real Estate sector, focusing on stocks such as AvalonBay, Kimco Realty, and Macerich.

Kimco Realty has an analyst consensus of Moderate Buy, with a price target consensus of $24.62.

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. Last month, Frank Lourenso, a Director at KIM sold 8,594.00 shares for a total of $198,865.16.