Large Outflow of Money Witnessed in Kimco Realty Corporation

Kimco Realty Corporation (KIM) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (12.01 million) in Kimco Realty Corporation (KIM). On Friday, The value of composite uptick trades was $5.33 million, whereas, the value of composite downtick trades was $17.34 million and the ratio between the two was 0.31, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $10.85 million. The negative money flow of ($10.85 million) shows selling on strength. Kimco Realty Corporation (KIM) gained $0.03 intraday at $31.47 and registrered 0.1% for the week.


Kimco Realty Corporation (KIM) : Currently there are 10 street experts covering Kimco Realty Corporation (KIM) stock. The most bullish and bearish price target for the stock is $34 and $27 respectively for the short term. The average price target of all the analysts comes to $30.75. The estimated standard deviation from the target is $2.35.

Kimco Realty Corporation (NYSE:KIM): stock turned positive on Friday. Though the stock opened at $31.43, the bulls momentum made the stock top out at $31.68 level for the day. The stock recorded a low of $31.29 and closed the trading day at $31.47, in the green by 0.10%. The total traded volume for the day was 2,106,786. The stock had closed at $31.44 in the previous days trading.

In a related news,The director officer (President and CEO) of Kimco Realty Corp, Flynn Conor C sold 58,300 shares at $29.72 on May 9, 2016. The Insider selling transaction had a total value worth of $1,732,676. The Insider information was disclosed with 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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