Kimco Realty Corp (KIM) has seen considerable activities in recent times. Investment companies such as KBC Group NV, abrdn plc, Van ECK Associates Corp, and Generate Investment Management Ltd have significantly raised their stakes in KIM. However, companies like COHEN & STEERS, INC. and Wolverine Asset Management LLC have reduced their stakes. Kimco's Q3 2024 earnings were highlighted by a record occupancy and strong financial performance. This led to a 31% increase in their stock value over six months and a raised stock price target, hinting at growth prospects. The stock routinely outperformed its competitors, though there were some losses and underperformance on specific days. The company declared a quarterly dividend of $0.25 and commenced a cash tender offer to purchase all of its outstanding depositary shares. Analysts foresee a 4% yield and a possible dividend hike. A new 52-week high was set after an analyst upgrade. Kimco's credit rating from Fitch was upgraded to 'A-' and S&P upgraded the rating outlook to positive. Wall Street seems to have a bullish sentiment towards the stock, given its robust Q3 performance and strong future prospects.
Kimco Realty Corp KIM News Analytics from Fri, 05 Jun 2015 12:57:55 GMT to Sat, 16 Nov 2024 11:08:07 GMT -
Rating 8
- Innovation 0
- Information 9
- Rumor -5
