Raymond James Sticks to Its Hold Rating for Kimco Realty (KIM)

Raymond James analyst RJ Milligan maintained a Hold rating on Kimco Realty (KIMResearch Report) today. The company’s shares closed last Friday at $21.00, close to its 52-week high of $21.43.

According to TipRanks.com, Milligan is a 4-star analyst with an average return of 13.9% and a 71.6% success rate. Milligan covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, Retail Opportunity Investments, and Essential Properties Realty.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kimco Realty with a $20.98 average price target, which is a -0.5% downside from current levels. In a report issued on April 15, BMO Capital also maintained a Hold rating on the stock with a $19.50 price target.

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Kimco Realty’s market cap is currently $9.2B and has a P/E ratio of 9.20. The company has a Price to Book ratio of 1.60.

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Kimco Realty Corp. is a real estate investment trust company, which engages in the ownership and operation of open-air shopping centers. It also specializes in shopping center acquisitions, development and management. The company was founded by Milton Cooper and Martin S. Kimmel in 1973 and is headquartered in New Hyde Park, NY.