Insider Selling: Paul Westbrook Unloads 3,750 Shares of Kimco Realty Corp Stock (KIM)
Kimco Realty Corp (NYSE:KIM) CAO Paul Westbrook sold 3,750 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $22.77, for a total transaction of $85,387.50. Following the transaction, the chief accounting officer now directly owns 53,550 shares of the company’s stock, valued at approximately $1,219,334. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Kimco Realty Corp from an “outperform” rating to a “market perform” rating in a research note on Monday. Separately, analysts at Barclays raised their price target on shares of Kimco Realty Corp from $26.00 to $28.00 in a research note on Tuesday, April 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kimco Realty Corp in a research note on Thursday, March 27th. They now have a $23.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.00.
Shares of Kimco Realty Corp (NYSE:KIM) traded up 0.04% during mid-day trading on Monday, hitting $22.74. The stock had a trading volume of 4,995,618 shares. Kimco Realty Corp has a one year low of $19.22 and a one year high of $25.05. The stock’s 50-day moving average is $22.31 and its 200-day moving average is $21.35. The company has a market cap of $9.335 billion and a price-to-earnings ratio of 47.35.
Kimco Realty Corp (NYSE:KIM) last released its earnings data on Wednesday, May 7th. The company reported $0.34 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.34. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $237.42 million. During the same quarter last year, the company posted $0.33 earnings per share. Kimco Realty Corp’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Kimco Realty Corp will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, July 1st.
Kimco Realty Corp. is a real estate investment trust (NYSE:KIM) that owns and operates North America’s largest portfolio of neighborhood and community shopping centers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.