Kimco Realty Corporation (KIM) : During the past 4 weeks, traders have been relatively bearish on Kimco Realty Corporation (KIM), hence the stock is down -0.27% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.04% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.58% in the last 1 week, and is up 6.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Kimco Realty Corporation (NYSE:KIM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.43 and $31.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.47, notching a gain of 0.10% for the day. The total traded volume was 2,106,786 . The stock had closed at $31.44 on the previous day.
The stock has recorded a 20-day Moving Average of 1.42% and the 50-Day Moving Average is 6.8%. Kimco Realty Corporation is up 12.43% in the last 3-month period. Year-to-Date the stock performance stands at 20.98%.
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.