Kimco Realty Corp (KIM): Conor C Flynn , President and CEO of Kimco Realty Corp sold 58,300 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $29.72 per share for a total value of $1,732,711.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 30, 2016, Paul Westbrook (VP – Cheif Accounting Officer) sold 7,429 shares at $28.48 per share price.On Mar 17, 2016, Glenn Gary Cohen (EVP – CFO and Treasurer) sold 23,300 shares at $28.33 per share price.Also, On Feb 17, 2016, Frank Lourenso (director) sold 6,099 shares at $26.49 per share price.
Kimco Realty Corp: On Friday, May 6, 2016 heightened volatility was witnessed in Kimco Realty Corp which led to swings in the share price. The shares opened for trading at $29.19 and hit $29.59 on the upside , eventually ending the session at $29.59, with a gain of 1.30% or 0.38 points. The heightened volatility saw the trading volume jump to 31,39,094 shares. The 52-week high of the share price is $29.59 and the company has a market cap of $12,417 M . The 52-week low of the share price is at $22.07.
Company has been under the radar of several Street Analysts.Kimco Realty Corp is Initiated by Mizuho to Neutral and the brokerage firm has set the Price Target at $28.50. The Rating was issued on Apr 14, 2016.Kimco Realty Corp is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $29 .The Rating was issued on Mar 31, 2016.Kimco Realty Corp is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $29 .The Rating was issued on Mar 28, 2016.Kimco Realty Corp is Downgraded by Argus to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 7, 2016.
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 Company’s preferred equity investments and other real estate investments totaling approximately 11.7 million square feet of GLA for a total of 1287 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 Company’s investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Company’s tenants include TJX Companies The Home Depot Wal-Mart Kohl’s and Bed Bath.