On Monday, Shares of International Paper Co (NYSE:IP), added 1.01% and closed at $47.20 in the last trading session. IP stock opened its last trade at $46.96 and after floating in a range of $46.93 to $47.83. The company’s Market capitalization is $19.79 Billion with the total Outstanding Shares of 411.20 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $32.50 and reached to max level of $49.90. Forest Stewardship Council® (FSC®) recently recognized International Paper with an FSC Leadership Award for forest certification commitment and program innovation. The FSC Leadership Awards celebrate organizations and people who have demonstrated extraordinary commitment to responsible forest administration and FSC. Winners were selected by a jury panel of professionals, FSC staff, and board members and were declared at the FSC Leadership Awards ceremony on Oct. 5, 2016 at the GRAMMY Museum in Los Angeles.
International Paper was recognized for its innovative U.S. FSC certification strategy to increase the amount of FSC certified fiber used in packaging, pulp, and paper products. One of the ways International Paper raised the amount of FSC certified fiber was the development of its own FSC forest administration group – Certified Forest Administration LLC (CFM LLC). CFM LLC is managed by International Paper’s fiber supply team and has become a cost-effective means for small private landowners to become FSC certified.
As a result of International Paper’s efforts with CFM LLC and the creation and support of International Paper-supplier-based FSC groups, the company has influenced the growth of more than 1 million acres of FSC lands in the United States and presently supports 40 suppliers who have FSC Chain of Custody certificates. This growth has assisted International Paper achieve a 28 percent increase in certified fiber over its 2010 baseline and raised its annual volume of FSC certified tons by about 1.6 million tons.
Kimco Realty Corp (NYSE:KIM), jumped 0.70% and closed at $27.89 in the last trading session. KIM stock opened its last trade at $27.87 and after floating in a range of $27.77 to $28.32. The company’s Market capitalization is $11.73 Billion with the total Outstanding Shares of 420.05 million. During the 52-week trading session the minimum price at which share price traded, registered at $23.44 and reached to max level of $32.24. Kimco Realty Corp. (KIM) recently declared that its transaction activity for the third quarter of 2016 exceeded $360 million. This includes the formerly declared partner buyout of a four-property joint venture portfolio for a gross price of $169.0 million and the acquisition of Kentlands Market Square shopping center for $95 million.
In Addition To, in the third quarter Kimco sold five of its remaining six Canadian shopping centers. The third quarter transactions highlight the company’s continuing commitment to its planned 2020 Vision focused on owning high-quality assets in major metro markets in the U.S., and reducing its exposure to joint ventures.