Kimco Realty Corporation, NYSE: KIM, is gaining investor attention due to significant recent activities. The company recently acquired Waterford Lakes Town Center and has secured a term loan facility up to $550 Million. An impressive 25.9% stock rise in three months along with insider movement where institutions like SG Americas Securities LLC and Squarepoint Ops LLC have sold considerable amounts of their shares. Additionally, significant shares have also been sold by the company's COO, David Jamieson, pointing towards a varied landscape of promissory growth and cautious transactions. Kimco's Q2 earnings showed solid results, beating estimates and achieving an 'A-' credit rating from Fitch. Despite upsizing its loan facility for continuous growth, the company has also made strategic moves towards boosting shareholder value like a 4.2% dividend yield. In addition to these initiatives, the company recently gained positive outlook upgrades from Standard & Poor’s and completed an all-stock buyout of RPT Realty. Given recent progress, KIM stock presents potential for both short-term growth and, according to a consensus recommendation, proves a 'Moderate Buy' for analysts, adding value and stability to long-term portfolio.
Kimco Realty Corp KIM News Analytics from Mon, 11 Apr 2016 07:00:00 GMT to Fri, 11 Oct 2024 14:51:11 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
