Barclays Maintains Overweight on Kimco Realty, Lowers Price Target to $26
Barclays analyst Anthony Powell maintains Kimco Realty (NYSE:KIM) with a Overweight and lowers the price target from $30 to $26.
Is Now A Good Time To Buy Kimco Realty?
If you go by an increase in dividend yield, the answer may be yes. Kimco Realty Corp (NYSE: KIM) is now paying its investors 3.5%.
Combined with a reasonable, lower than the stock market in general, price to funds from operations ratio of 12.96, the real estate investment trust starts to look appealing.