Kimco Realty Corp CFO Unloads $251,572 in Stock (KIM)
Kimco Realty Corp (NYSE:KIM) CFO Glenn Gary Cohen sold 10,900 shares of the company’s stock 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 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 filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on KIM shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Kimco Realty Corp in a research note on Wednesday. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, 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 investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.29.
Kimco Realty Corp (NYSE:KIM) traded up 0.21% during mid-day trading on Thursday, hitting $23.65. The stock had a trading volume of 601,265 shares. 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 $23.01 and a 200-day moving average of $22.49. The company has a market cap of $9.721 billion and a price-to-earnings ratio of 41.55.
Kimco Realty Corp (NYSE:KIM) last posted its quarterly earnings results 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 in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts predict that Kimco Realty Corp will post $1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders 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 3.81%. The ex-dividend date of this dividend 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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