It has been a period of significant activity for Kimco Realty Corp (KIM). The firm has been divesting shares, with Landscape Capital Management selling over 87,000 KIM shares and Wolverine Asset Management also reducing its stake. Concurrently, companies such as B. Metzler seel. Sohn & Co. Holding AG, Victory Capital Management Inc., Sumitomo Mitsui Trust Group Inc., and National Pension Service have increased their holdings in KIM. With a record high in occupancy and strong financial performance for Q3 2024, analysts have given Kimco a Price Target of $24.14 to $30.
In terms of acquisitions, Kimco has recently taken over the Waterford Lakes Town Center and increased the Upsizes Term Loan Facility to $550 million. Kimco's Fitch credit rating recently achieved an 'A-' and Kimco's stock has outperformed market highs, reaching a 52-week high of $24.25 amid market rally. S&P Global has upgraded Kimco Realty's rating outlook to 'Positive', commenting on its strong fiscal prospects.
Kimco received the Nareit Sustainability Award for the third consecutive year and allocated $500M Green Bond. Despite a few underperformances, KIM has seen significant growth in the market, with a rise of 31% to 25.9% in the past six months to three months, respectively ultimately positioning itself favourably for future advancements within the property market.
Kimco Realty Corp KIM News Analytics from Mon, 11 Apr 2016 07:00:00 GMT to Sat, 23 Nov 2024 11:47:02 GMT - Rating 7 - Innovation 2 - Information 8 - Rumor -4
