The shares of Kimco Realty Corporation (NYSE:KIM) has been pegged with a rating of Underperform by Evercore ISI in its latest research note that was published on April 1st, 2019. Evercore ISI wasn’t the only research firm that published a report of Kimco Realty Corporation, with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on November 15th, 2018, to In-line the KIM stock. The stock had earned Overweight rating from JP Morgan when it published its report on June 15th, 2018. The stock was given Equal-Weight rating by Morgan Stanley in its report released on March 27th, 2018. Evercore ISI was of a view that KIM is Underperform in its latest report on March 5th, 2018. BofA/Merrill thinks that KIM is worth Neutral rating. This was contained in the firm’s report on February 16th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $17.58. The price of the stock the last time has raised by 30.85% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 34.76.
The shares of the company dipped by -0.81% during the trading session on Wednesday, reaching a low of $17.22 while ending the day at $17.22. During the trading session, a total of 3.84 million shares were traded which represents a -3.44% decline from the average session volume which is 3.71M shares. KIM had ended its last session trading at 17.36. Kimco Realty Corporation currently has a market cap of $7.16B, while its P/E ratio stands at 36.25, while its P/E earnings growth sits at 6.14, with a beta of 0.68. Kimco Realty Corporation debt-to-equity ratio currently stands at 0.91, while its quick ratio hovers at . KIM 52-week low price stands at $13.16 while its 52-week high price is $18.64.
The company in its last quarterly report recorded $0.35 earnings per share which is below the $0.35 predicted by most analysts. The Kimco Realty Corporation generated $214.23 million in revenue during the last quarter, which is slightly lower than the $278.60 million predicted by analysts. In the second quarter last year, the firm recorded $0.34 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 2.86%. Kimco Realty Corporation has the potential to record 0.48 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Societe Generale published a research note on February 15th, 2019 where it informed investors and clients that Laredo Petroleum, Inc. (NYSE:LPI) is now rated as Hold. Evercore ISI also rated LPI as Upgrade on November 15th, 2018, with its price target of $45 suggesting that LPI could surge by 26.46% from its current share price. Even though the stock has been trading at $3.17/share, analysts expect it to surge higher by -0.95% to reach $4.27/share. It started the day trading at $3.26 and traded between $3.11 and $3.14 throughout the trading session.
A look at its technical shows that LPI’s 50-day SMA is 3.29 while its 200-day SMA stands at 5.70. The stock has a high of $11.18 for the year while the low is $2.80. The company’s P/E ratio currently sits at 2.25, while the P/B ratio is 0.61. At the moment, only of Laredo Petroleum, Inc. shares were sold short. The company’s average trading volume currently stands at 5.47M shares, which means that the short-interest ratio is just 5.73 days. Over the past seven days, the company moved, with its shift of -3.09%. Looking further, the stock has dropped -21.11% over the past 90 days while it lost -52.21% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. SailingStone Capital Partners LLC sold more LPI shares, decreasing its portfolio by -1.39% during the last quarter. This move now sees SailingStone Capital Partners LLC selling -532,229 shares in the last quarter, thus it now holds 37,661,962 shares of LPI, with a total valuation of $116,375,463. BlackRock Fund Advisors meanwhile bought more LPI shares in the recently filed quarter, changing its stake to $66,380,119 worth of shares. The Vanguard Group Inc followed the path by increasing its LPI portfolio by +18.26% in the quarter. This means that The Vanguard Group Inc bought 2,756,362 shares in the last quarter and now controls 17,855,079 shares of the LPI stock, with the valuation hitting $55,172,194.
Similarly, Dimensional Fund Advisors LP increased its Laredo Petroleum, Inc. shares by +15.13% during the recently filed quarter. After buying 1,330,494 shares in the last quarter, the firm now controls 10,125,338 shares of Laredo Petroleum, Inc. which are valued at $31,287,294. In the same vein, Wellington Management Co LLP increased its Laredo Petroleum, Inc. shares by during the most recent reported quarter. The firm bought 99,614 shares during the quarter which increased its stakes to 5,927,472 shares and is now valued at $18,315,888. Following these latest developments, around 2.00% of Laredo Petroleum, Inc. stocks are owned by institutional investors and hedge funds.