Large Inflow of Money Detected in Kimco Realty Corporation

Kimco Realty Corporation (KIM) : On Wednesday, The money flowed into the Kimco Realty Corporation (KIM) stock with an uptick to downtick ratio was recorded at 1.31. Transactions worth $7.15 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $5.48 million. The total money flow into the stock was $1.67 million. The block trades reveal a bullish bias with an up-down ratio of 5.98. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $2.33 million of block transactions on upticks. The value of block trades on downticks was $0.39 million, indicating lower selling interest. The total money flow in block trades was $1.94 million. In terms of price action, Kimco Realty Corporation (KIM) traded down $0.02 during the session at $31.38. Compared to the previous days closing, the stock was down only by -0.06%. For the week, the stock is 0.29%, over previous weeks closing.


Also, Citigroup downgrades its view on Kimco Realty Corporation (NYSE:KIM) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Citigroup maintains the current price target of $32 per share on Kimco Realty Corporation. The rating by the firm was issued on July 7, 2016.

Kimco Realty Corporation (NYSE:KIM): The stock opened at $31.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.51 for the day. The stock traded down to $31.25 during the day, due to lack of any buying support eventually closed down at $31.37 with a loss of -0.10% for the day. The stock had closed at $31.40 on the previous day. The total traded volume was 1,681,947 shares.

The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 6.74%. In a related news, The director officer (President and CEO), of Kimco Realty Corp, Flynn Conor C had unloaded 58,300 shares at $29.72 per share in a transaction on May 9, 2016. The total value of transaction was $1,732,676. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT), which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties, aggregating 109.5 million square feet of gross leasable area (GLA), and 533 other property interests, primarily through the Companys preferred equity investments and other real estate investments, totaling approximately 11.7 million square feet of GLA, for a total of 1,287 properties aggregating 121.2 million square feet of GLA, located in 41 states in the United States and also in Puerto Rico, Canada, Mexico and Chile. The Companys investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Companys tenants include TJX Companies, The Home Depot, Wal-Mart, Kohls and Bed Bath.

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