Kimco Realty Corp Chairman Acquires $1,111,000 in Stock (KIM)
Kimco Realty Corp (NYSE:KIM) Chairman Milton Cooper acquired 50,000 shares of Kimco Realty Corp stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $22.22 per share, with a total value of $1,111,000.00. Following the completion of the purchase, the chairman now directly owns 9,747,977 shares of the company’s stock, valued at approximately $216,600,049. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Kimco Realty Corp (NYSE:KIM) traded up 1.70% during mid-day trading on Monday, hitting $22.67. 1,982,482 shares of the company’s stock traded hands. Kimco Realty Corp has a one year low of $19.22 and a one year high of $23.82. The stock has a 50-day moving average of $23.04 and a 200-day moving average of $22.35. The company has a market cap of $9.319 billion and a P/E ratio of 39.24.
Kimco Realty Corp (NYSE:KIM) last released its earnings data on Tuesday, July 29th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.01. The company had revenue of $260.24 million for the quarter, compared to the consensus estimate of $240.85 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that Kimco Realty Corp will post $1.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, October 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 4.04%. The ex-dividend date of this dividend is Wednesday, October 1st.
KIM has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Kimco Realty Corp from $22.00 to $24.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. Analysts at Cowen and Company raised their price target on shares of Kimco Realty Corp from $24.00 to $25.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.43.
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.
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