Kimco Realty Corp CFO Glenn Gary Cohen Unloads 10,900 Shares (KIM)
Kimco Realty Corp (NYSE:KIM) CFO Glenn Gary Cohen sold 10,900 shares of Kimco Realty Corp stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $23.08, for a total value of $251,572.00. Following the completion of the transaction, the chief financial officer now directly owns 195,210 shares in the company, valued at approximately $4,505,447. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on KIM shares. 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.43.
Kimco Realty Corp (NYSE:KIM) traded up 1.30% on Tuesday, hitting $23.40. The stock had a trading volume of 2,766,012 shares. Kimco Realty Corp has a 52 week low of $19.22 and a 52 week high of $23.82. The stock’s 50-day moving average is $22.99 and its 200-day moving average is $22.47. The company has a market cap of $9.619 billion and a P/E ratio of 40.67.
Kimco Realty Corp (NYSE:KIM) last released its earnings data on Tuesday, July 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.35 earnings per share. Kimco Realty Corp’s revenue was up 14.6% 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 announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, October 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.
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