Kimco Realty Corporation (NYSE:KIM) has climbed 0.21% in the past week and advanced 7.4% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.41% and the outperformance has advanced to 6.42% for the last 4 weeks period.
Kimco Realty Corporation (NYSE:KIM): The stock opened at $29.37 on Friday but the bulls could not build on the opening and the stock topped out at $29.38 for the day. The stock traded down to $29.04 during the day, due to lack of any buying support eventually closed down at $29.33 with a loss of -0.37% for the day. The stock had closed at $29.44 on the previous day. The total traded volume was 3,622,998 shares.
The company shares have rallied 23.44% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $29.97 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $28.66 and the 200 Day Moving Average price is recorded at $27.46.
On the companys insider trading activities, Flynn Conor C, director officer (President and CEO) of Kimco Realty Corp, unloaded 58,300 shares at an average price of $29.72 on May 9, 2016. The total amount of the transaction was worth $1,732,676, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Mizuho Securities initiates coverage on Kimco Realty Corporation (NYSE:KIM) In a research note issued to the investors, the brokerage major announces price-target of $28.5 per share.The shares have been rated Neutral. The rating by the firm was issued on April 13, 2016. Currently the company Insiders own 3.2% of Kimco Realty Corporation shares according to the proxy statements. Institutional Investors own 91.76% of Kimco Realty Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.68%.
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.