Kimco Realty Corp (KIM) has been under some substantial changes recently with a mix of positive and negative updates.
New York State Teachers Retirement System and
Chevy Chase Trust Holdings LLC have recently reduced their stakes in KIM. Moreover, the company's
COO David Jamieson has also sold a significant chunk of his shares. Speaking about numbers, the stock has seen an increase of around 17.2% in 3 months while Mizuho downgraded its preferred stock, pushing it to neutral as it met its price target. In its operational activities, Kimco successfully upsized its term loan facility to $500 million, and many entities such as Summit Global Investments have significantly sold their stakes in KIM. On the earnings front, the company has shown some resilience, managing to navigate through the tough times with strategic acquisitions and new ventures. Indicators show that the stock's growth is expected to be long-term, however, comments such as 'lack of positives catalysts' have also been made. Furthermore, activity by
Sumitomo Mitsui Trust Holdings Inc. and
EverSource Wealth Advisors LLC indicates confidence in the company's operations and future by increasing their stakes. The acquisitions of RPT Realty and completion of the merger with Weingarten add to KIM's portfolio strength. Though, these gamut of activities also sparked speculations raising short interest in the company.
Kimco Realty Corp KIM News Analytics from Wed, 26 Sep 2012 07:00:00 GMT to Sun, 25 Aug 2024 16:58:29 GMT -
Rating 4
- Innovation -5
- Information 7
- Rumor 1
