Kimco Realty Corporation (KIM) has risen sharply, recording gains of 6.68% in the past 4 weeks. However, the stock has corrected -0.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 6.96%.
Kimco Realty Corporation (NYSE:KIM): The stock opened at $31.35 on Friday but the bulls could not build on the opening and the stock topped out at $31.38 for the day. The stock traded down to $31.08 during the day, due to lack of any buying support eventually closed down at $31.29 with a loss of -0.06% for the day. The stock had closed at $31.31 on the previous day. The total traded volume was 1,972,799 shares.
The company Insiders own 3.2% of Kimco Realty Corporation shares according to the proxy statements. Institutional Investors own 91.78% of Kimco Realty Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.68%. 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.