Large Inflow of Money Detected in Kimco Realty Corporation

Kimco Realty Corporation (KIM) : Tuesdays money flow data in Kimco Realty Corporation (KIM) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $2.26 million, whereas, $1.07 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.11, in favor of the bulls. The total money flow into the stock was $1.19 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.02 million. The total value of block trades done on upticks was $1.02 million. Kimco Realty Corporation (KIM) fell $0.36 and traded at $29.64, down -1.2% for the day, over previous days close. On a weekly basis, the shares are 0.3% over the previous weeks close.


Also, BTIG Research initiates coverage on Kimco Realty Corporation (NYSE:KIM) In a research note issued to the investors, the brokerage major announces price-target of $34 per share.The shares have been rated Buy. The rating by the firm was issued on August 25, 2016.

Shares of Kimco Realty Corporation appreciated by 0.94% during the last five trading days but lost 6.81% on a 4-week basis. Kimco Realty Corporation is up 6.28% in the last 3-month period. Year-to-Date the stock performance stands at 15.25%.

Kimco Realty Corporation (NYSE:KIM): The stock opened at $30.05 on Tuesday but the bulls could not build on the opening and the stock topped out at $30.05 for the day. The stock traded down to $29.60 during the day, due to lack of any buying support eventually closed down at $29.98 with a loss of -0.07% for the day. The stock had closed at $30.00 on the previous day. The total traded volume was 2,031,486 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kimco Realty Corp, Coviello Philip E Jr had purchased shares worth of $31,170 in a transaction dated on August 8, 2016. A total of 1,000 shares were purchased at a price of $31.17 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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