Kimco Realty Corp (KIM) is slated to announce its earnings later this week. Despite market fluctuations and underperformances in comparison to competitors, KIM continues to attract investor interest with new investments pouring in from Lecap Asset Management, Infrastructure Capital Advisors, Generate Investment Management, etc., alongside swelling stock holdings by Douglas Lane & Associates, and Swedbank AB. KIM also witnessed an insider sale as COO David Jamieson sold 50,000 shares. The company has received an 'A-' Credit Rating from Fitch and a 'Moderate Buy' recommendation from analysts. Their stock price has seen an overall increase, surging 17.2% in 3 months, and posting a new 1-year high. S&P has upgraded Kimco Realty's rating outlook to ‘Positive’. There are buoyant Q2 earnings forecasts, and the company announced a pricing of $500 Million Aggregate Principal Amount of 4.850% Notes due 2035. Amidst steady stock performances and intriguing price targets, Kimco's rating outlook is enhanced to positive by S&P Global. Their sustainable growth strategy is marked by a successful $500M Note offering and a bolstered loan facility. The company also announced closing of a strategic merger with Weingarten Realty Investors, and a joint transaction to own six shopping centers with Blackstone Real Estate Income Trust.
Kimco Realty Corp KIM News Analytics from Wed, 13 May 2015 14:17:26 GMT to Thu, 24 Oct 2024 11:32:03 GMT -
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