Kimco Realty Corporation has experienced mixed performance and opinion changes in the market.
JP Morgan recently downgraded the company's preferred stock with a valuation highlighting muted growth. Nevertheless, there have been increases in positions by major firms like
Barclays PLC,
State Street Corp and
XTX Topco Ltd. Some shareholders, like Wellington Management Group LLP and Vestcor Inc, have reduced holdings. Kimco's earnings call showed record occupancy figures with a strong financial performance but also faced stock underperformances. Share prices, initially cut to neutral, have seen later increases, and
Citi has even raised its price target on the company.
S&P Global has upgraded Kimco Realty's rating outlook to positive, acknowledging their strong Q3 2024 performance. The company has also launched a note offering for debt management and growth. Kimco Realty, after acquiring its Waterford Lakes Town Center and closing a merger with Weingarten Realty Investors, completed a purchase agreement with RPT Realty. It remains to see how these acquisitions will influence future financial prospects.
Kimco Realty Corp KIM News Analytics from Wed, 04 Aug 2021 07:00:00 GMT to Sat, 21 Dec 2024 22:11:49 GMT -
Rating -2
- Innovation -1
- Information 5
- Rumor 1
