Corient Private Wealth and
Evoke Wealth took significant positions in
Kimco Realty Corp. The company performed strongly in the stock market, outperforming its competitors on several trading days.
US Bancorp DE and Franklin Resources Inc sold part of their Kimco shares, while
Principal Securities Inc and
Allstate Corp purchased a significant number of shares. Kimco’s Q1 2024 earnings reflected its strategic acquisitions to navigate through challenges. However, it was given an average consensus recommendation of “Hold” by analysts.
Kimco Realty Corp was rated lower by Mizuho and Truist Financial, but its shares were still attractive to Assetmark Inc. and Quadrant Capital Group. Its aggressive dispositions were noted as a potential concern, yet
Kimco managed to beat Q1 FFO & Revenue estimates and adjusted its outlook. Deutsche Bank maintained its position, albeit with a lower price target on Kimco stock. The company is reportedly benefitting from favourable shopping center supply/demand, reporting high occupancy and a low valuation. Lastly, it completed the acquisition of RPT Realty in an all-stock transaction, marking a significant development in its operations.
Kimco Realty Corp KIM News Analytics from Wed, 18 Nov 2020 08:00:00 GMT to Sun, 02 Jun 2024 13:53:12 GMT -
Rating 2
- Innovation -2
- Information 5
- Rumor -6
