Large Outflow of Money Witnessed in Kimco Realty Corporation

Kimco Realty Corporation (KIM) : The value of composite uptick trades was $0.36 million, whereas, the value of composite downtick trades was $1.99 million. The uptick to downtick ratio stood at 0.18 with a negative money flow of ($1.63) Million during Fridays trading session. The block trades money flow was negative ($1.68 million). The transaction of the trades on downticks amounted to $1.68 million, which confirms investors selling on the strength of price. Kimco Realty Corporation (KIM) gained 16 cents at $30.16, an increase of 0.53% over the previous days close.


The company Insiders own 3.2% of Kimco Realty Corporation shares according to the proxy statements. Institutional Investors own 94.51% of Kimco Realty Corporation shares.

In a related news, Coviello Philip E Jr, director of Kimco Realty Corp, executed a transaction worth $31,170 on August 8, 2016. A total of 1,000 shares were purchased at an average price of $31.17. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Kimco Realty Corporation (NYSE:KIM): The stock opened at $30.04 and touched an intraday high of $30.4 on Friday. During the day, the stock corrected to an intraday low of $29.99, however, the bulls stepped in and pushed the price higher to close in the green at $30.16 with a gain of 0.53% for the day. The total traded volume for the day was 2,095,189. The stock had closed at $30 in the previous trading session.

Kimco Realty Corporation (KIM) has been under a strong bear grip, hence the stock is down -3.05% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.55% in the past 1 week. The stock has risen by 2.06% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.18% in the past 4 weeks.

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.

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