We’d be surprised if Kimco Realty Corporation (NYSE:KIM) shareholders haven’t noticed that the Non-Management Director, Frank Lourenso, recently sold US$123k worth of stock at US$15.84 per share. However, the silver lining is that the sale only reduced their total holding by 3.4%, so we’re hesitant to read anything much into it, on its own.
The Last 12 Months Of Insider Transactions At Kimco Realty
In the last twelve months, the biggest single sale by an insider was when the Executive VP & COO, David Jamieson, sold US$301k worth of shares at a price of US$18.33 per share. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. It’s of some comfort that this sale was conducted at a price well above the current share price, which is US$13.22. So it is hard to draw any strong conclusion from it.
Insiders in Kimco Realty didn’t buy any shares in the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Kimco Realty
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Kimco Realty insiders own about US$244m worth of shares (which is 4.4% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Kimco Realty Insider Transactions Indicate?
An insider sold stock recently, but they haven’t been buying. Looking to the last twelve months, our data doesn’t show any insider buying. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example – Kimco Realty has 2 warning signs we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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