Reliable stocks in today's share market: Kimco Realty Corporation (NYSE:KIM)

Posted March 01, 2017

In recent action, Kimco Realty Corporation (KIM) has made a move of -1.45% over the past month, which has come on Strong relative transaction volume.

Recently stock market analysts have updated their consensus ratings on shares of Kimco Realty Corporation (NYSE:KIM).

ADC has been the topic of several recent analyst reports. Jefferies Group set a $53.00 target price on shares of Agree Realty Corporation and gave the stock a "buy" rating in a research report on Monday, October 24th. The company now has a consensus rating of Hold and a consensus target price of $30.58. Citigroup Inc. initiated coverage on Agree Realty in a research report on Thursday, December 22nd. They set a "buy" rating and a $50.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Agree Realty presently has a consensus rating of "Buy" and an average target price of $51.57.

Shares of Agree Realty Corporation (NYSE:ADC) traded up 2.13% during mid-day trading on Friday, reaching $46.05. During its last trading session, Stock traded with the total exchanged volume of 3.67 million shares. The stock has a market capitalization of $15.91 billion, a PE ratio of 55.72 and a beta of 0.37. The company has a 50 day moving average price of $47.06 and a 200 day moving average price of $46.71.

According to Financial Times, The 19 analysts offering 12 month price targets for Kimco Realty Corp have a median target of 27.00, with a high estimate of 34.00 and a low estimate of 22.00.

Agree Realty (NYSE:ADC) last posted its earnings results on Thursday, February 23rd. The company reported $0.77 EPS for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.02. The company had revenue of $287.84 million for the quarter, compared to analysts' expectations of $282.54 million. The business's revenue was up 32.1% on a year-over-year basis.

Agree Realty Corp has 21,164,000 shares now held by shareholders which now trade around the 50.74 mark which totals Agree Realty Corp's market capitalisation to 1.07B United States dollars. If you are viewing this piece on another site, it was stolen and republished in violation of worldwide trademark and copyright law.

2/27/2017-Wunderlich was Downgraded by analysts at Wunderlich from a "Buy " rating to a " Hold" rating.

A number of institutional investors have recently bought and sold shares of ADC. Finally, New York State Teachers Retirement System boosted its position in Agree Realty by 2.0% in the fourth quarter. Day & Ennis LLC bought a new position in shares of Realty Income Corporation during the second quarter valued at $220,000.

12/16/2016-SunTrust Banks, Inc. initiated coverage with a Buy rating. BlackRock Group LTD raised its stake in Realty Income Corp by 3.5% in the third quarter. Ltd. now owns 5,886 shares of the real estate investment trust's stock worth $291,000 after buying an additional 1,298 shares in the last quarter. Finally, National Asset Management Inc. boosted its position in shares of Realty Income Corporation by 3.5% in the third quarter.

The company posted EPS of $0.86 for the same quarter a year ago. Finally, Municipal Employees Retirement System of MI raised its stake in Agree Realty by 1.2% in the third quarter. Teacher Retirement System of Texas now owns 3,274 shares of the real estate investment trust's stock valued at $158,000 after buying an additional 897 shares during the last quarter.

About Agree Realty Corporation Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. The Company operates through Agree Limited Partnership (the Operating Partnership), of which it is the sole general partner and in which Agree Realty holds an approximately 98.3% interest.