The diverse news related to Kimco Realty Corp (KIM), unveils several significant events. The company has recently acquired the Waterford Lakes Town Center and announced the buyout of the same property for $322M. There was a notable sell-off of stakes and shares by Squarepoint Ops LLC, COO David Jamieson, Duff & Phelps Investment Management Co, Marshall Wace LLP, and Forsta AP Fonden. But on the counter side, strong purchases of stock were done by AQR Capital Management LLC, 1832 Asset Management L.P, and Sei Investments Co.
Significant improvements in KIM's financial performance have been noted, as the stock outperforms competitors despite losses, exceeding market expectations in Q2 FFO and Revenues. Furthermore, S&P upgrades their rating outlook to ‘positive’ and achieved an ‘A-’ credit rating from Fitch.
They have also accomplished financing moves with $500 Million aggregate principal amount of notes due 2035 and upsized their term loan facility to $550 Million. Looking at the bigger picture, Kimco Realty seems to be positioning itself strongly in the financial market with a good prospect for long-term growth.
Kimco Realty Corp KIM News Analytics from Mon, 03 Jan 2005 08:00:00 GMT to Fri, 04 Oct 2024 08:16:08 GMT - Rating 6 - Innovation 0 - Information 5 - Rumor -2
