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CEO, President of Kimco Realty Corp David Henry Sold 70,000 Shares

August 23, 2012 | About:
alicet236

GuruFocus

372 followers
Kimco Realty Corp. together with its subsidiaries, is a self-administered real estate investment trust and is one of the nation's largest owners and operators of neighborhood and community shopping centers. Kimco Realty Corp. has a market cap of $8.27 billion; its shares were traded at around $20.22 with a P/E ratio of 16.7 and P/S ratio of 9.5. The dividend yield of Kimco Realty Corp. stocks is 3.7%.

CEO, President of Kimco Realty Corp. (KIM) David Henry sold 70,000 shares on Aug. 21, 2012 at an average price of $20.4. The total transaction amount was $1,428,000.

In November 2009, David Henry was appointed as CEO of Kimco Realty Corp. He is still serving as president, a position he has been since November 2008. He is also the vice chairman of the board since May 2001.

Executive Vice President, CFO and Treasurer Glenn Gary Cohen sold 15,523 shares of KIM stock in March and August. Director Frank Lourenso, Executive Vice President and COO Michael V. Pappagallo, and Director Richard G. Dooley have also sold shares of KIM stock in August.

As of June 30, 2012, GuruFocus Gurus Chris Davis owns 2,196,260 shares; Third Avenue Management owns 22,845 shares of KIM stock. Both Gurus left their position in the company unchanged or slightly adjusted. GuruFocus Guru Meridian Funds sold out his holdings in the same quarter.

Revenues were $235.4 million and net income was $72.4 million for Kimco Realty Corp.’s 2012 second quarter financial results.

Rating: 4.0/5 (3 votes)

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