Kimco Realty Corporation (NYSE:KIM) stock is currently pricing at roughly $20.43. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 18 analysts covering the company at $25.75. That suggests shares of the stock may have another 21 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $34.00, which would imply another 34 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 5 “Buy” ratings in place. At the same time, 5 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 10 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Goldman took a look at KIM shares in a research note released on Nov 29, 2016, and issued a Sell rating to this company. Argus analysts provided their own take on company recently as well. In a research note published on Nov 25, 2016,the house assigned a Buy rating to this stock. According to a piece that hit the wires on Jul 07, 2016, researchers at Citigroup reconsidered their prior rating on the stock, and lowered it from Buy Perform to Neutral.
Kimco Realty Corporation (KIM) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 4.81 percent of the stock.
If we take a more granular look, Mr. Milton E. Cooper is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 9,503,585 shares, representing a total current market value of roughly $194158241.55. Martin S. Kimmel is another major player among company insiders, currently holding 8,264,138 shares as of 1.94%, carrying a current market value of $168836339.34. Mr. Conor C. Flynn is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 447,789 shares, valued at around $9148329.27 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-02-15, the company’s Executive Chairman COOPER MILTON Purchased 5,000 company shares for 120350. That means, once accounting for this transaction, the Executive Chairman is left with a stake of 9,938,965 shares, carrying a current total market value of $203053055. In addition, by means of a transaction dated 2017-02-13, Director LOURENSO FRANK sold 6,389 shares worth $160110. After that transaction, this investor is left with a total holding of 195,933 shares, representing a total investment value of $4002911.19. We also noted a 2016-08-08 transaction in which KIM Director COVIELLO PHILIP E JR purchased 1,000 shares at a stock price of $31.17, carrying a total value of $31170, after which, this insider’s investment stands at 7,500 shares, with an overall financial value of $153225.
Kimco Realty Corporation (NYSE:KIM) Earnings View
In the company’s last quarter, KIM EPS moved to $0.37 from $0.38 compared sequentially with the prior quarter. Revenues for the company came in at $289.39MM. This stacks up against $292.91MM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.37 per share on $290.11MM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.37 to $0.39. On a year-over-year basis, that compares with an EPS comp of $0.38.