The market has been recently following some noteworthy movements of Kimco Realty Corp (KIM). The most highlighted news covers a successful Tender Offer and Consent Solicitation. Several major stakeholders, like Geode Capital Management, Barclays Plc, Nomura Asset Management, and Point72 Asset Management have increased their stakes in KIM. KIM completed a $25.4M Preferred Share Tender Offer as it's witnessing consistent stock performance. It's Class M Preferred Stock Yield pushing past the 6% mark. However, not all news was positive with reports showing decreases in holdings from Janus Henderson Group Plc. KIM had a successful Q3 in 2024, displaying record occupancy and strong financial highlights. However, share positions were cut down by several companies like Wellington Management Group LLP and Vestcor Inc. Their stock price target was raised to $26.00 and recently achieved ‘A-’ Credit Rating from Fitch. In addition, KIM is continuing to win sustainability awards for their enterprise, allocating $500M Green Bond. The company also reported a 52-week high at $24.25 amid a market rally, indicating continued strong performance.
Kimco Realty Corp KIM News Analytics from Mon, 28 Aug 2023 07:00:00 GMT to Sat, 14 Dec 2024 10:14:26 GMT - Rating 6 - Innovation -4 - Rumor -3
