Traders Sell Shares of Kimco Realty Corp. (KIM) on Strength (KIM)
Investors sold shares of Kimco Realty Corp. (NYSE:KIM) on strength during trading hours on Thursday. $9.60 million flowed into the stock on the tick-up and $34.02 million flowed out of the stock on the tick-down, for a money net flow of $24.42 million out of the stock. Of all stocks tracked, Kimco Realty Corp. had the 0th highest net out-flow for the day. Kimco Realty Corp. traded up $0.07 for the day and closed at $30.05
A number of equities research analysts have recently commented on the company. BTIG Research assumed coverage on Kimco Realty Corp. in a research note on Thursday, August 25th. They set a “buy” rating and a $34.00 target price on the stock. Deutsche Bank AG lifted their target price on Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, August 17th. Canaccord Genuity lifted their price objective on Kimco Realty Corp. from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. lifted their price objective on Kimco Realty Corp. from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $34.00 price objective (up previously from $31.00) on shares of Kimco Realty Corp. in a report on Monday, August 1st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.66.
The firm has a market capitalization of $12.60 billion and a P/E ratio of 16.81. The company has a 50-day moving average of $30.78 and a 200 day moving average of $29.17.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, October 3rd.
In other Kimco Realty Corp. news, Director Philip E. Coviello, Jr. purchased 1,000 shares of the stock in a transaction dated Monday, August 8th. The shares were purchased at an average cost of $31.17 per share, with a total value of $31,170.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Kimco Realty Corporation is a real estate investment trust. The Company is engaged principally in the ownership, management, development and operation of open-air shopping centers. The Company holds interests in approximately 550 shopping center properties, aggregating over 88 million square feet of gross leasable area (GLA), located in approximately 36 states of the United States, Puerto Rico and Canada.