GuruFocus - On August 2, 2024, David Jamieson, Chief Operating Officer of Kimco Realty Corp (NYSE:KIM), executed a sale of 50,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 337,111 shares of Kimco Realty Corp.
Kimco Realty Corp (NYSE:KIM) is a real estate investment trust (REIT) that is primarily engaged in the acquisition, development, and management of neighborhood and community shopping centers. The company's portfolio includes several properties located across the United States.
On the date of the sale, shares of Kimco Realty Corp were priced at $21.92. This valuation brings the market cap of the company to approximately $14.64 billion. The price-earnings ratio of the stock stands at 40.98, which is significantly higher than both the industry median of 16.975 and the historical median for the company.
According to the GF Value, the intrinsic value of Kimco Realty Corp is estimated at $22.65 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.97.
Over the past year, David Jamieson has sold a total of 50,000 shares and has not made any purchases. The insider transaction history for Kimco Realty Corp shows no insider buys in the past year, with a total of 2 insider sells during the same period.
This recent transaction by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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