Kimco Realty Corp (NYSE:KIM) has recently made several crucial financial advancements, such as pricing a
$500 million aggregate principal amount of
4.850% Notes due 2035, selling Kimco Realty's shares by
State of New Jersey Common Pension Fund D, and launching a
$500M Note Offering aimed at growth and debt management. Its rating outlook was upgraded from negative to positive by
S&P Global and even achieved an 'A-' Credit Rating from
Fitch. Significant stock purchases came from
Candriam S.C.A., Natixis Advisors LLC, and Generate Investment Management Ltd, while stocks were sold by
Andra AP fonden and
Fifth Third Bancorp. The company's stock has also been on a rising streak, hitting new 12-month highs and being upgraded to a 'Strong-Buy' by
Argus. Within its corporate strategy, Kimco completed the buyout of
RPT Realty in an all-stock deal and announced the closing of a merger with
Weingarten Realty Investors. However, some analysts, such as those from
Mizuho and
Citi, caution that the stock may have reached its target price.
Kimco Realty Corp KIM News Analytics from Mon, 11 Apr 2016 07:00:00 GMT to Sun, 15 Sep 2024 17:07:50 GMT -
Rating 9
- Innovation 3
- Information 8
- Rumor 2
