Investors Sell 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 equities 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 research analysts recently commented on KIM shares. Canaccord Genuity boosted their price objective on shares of Kimco Realty Corp. from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. Barclays PLC reissued a “buy” rating and issued a $34.00 target price on shares of Kimco Realty Corp. in a research report on Tuesday, July 19th. BTIG Research initiated coverage on shares of Kimco Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $34.00 target price for the company. Zacks Investment Research raised shares of Kimco Realty Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 9th. Finally, Deutsche Bank AG boosted their target price on shares of Kimco Realty Corp. from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.66.
The company’s 50-day moving average is $30.75 and its 200-day moving average is $29.18. The company has a market capitalization of $12.67 billion and a PE ratio of 16.90.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.02 annualized dividend and a yield of 3.38%.
In related news, Director Philip E. Coviello, Jr. bought 1,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $31.17 per share, for a total transaction of $31,170.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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.
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