Kimco Realty Corp (KIM) has been a key focus in current news, garnering attention for numerous reasons. Despite claims of overvaluation, several major institutions increased their stakes in KIM – Franklin Resources Inc., Sanctuary Advisors LLC and Barclays PLC all expanded their positions, alongside the purchase of notable holdings by Lord Abbett & Co. LLC, Janus Henderson Group PLC, and Point72. However, the stock underwent downgrades from JP Morgan and Evercore ISI, yet was still considered suitable for a significant investment by Unigestion Holding SA. Q3 2024 results highlighted record occupancy and positive financial outcomes, leading to S&P increasing their rating outlook to ‘Positive’. KIM was also applauded for winning the Nareit Sustainability Award for the third consecutive year, while committing to a $500M Green Bond. However, some insiders seem to lose confidence, like COO David Jamieson selling 50,000 KIM shares. Although KIM is considered fairly valued in the market, it has experienced a significant uptick in stock performance. As KIM prepares for Q4 Earnings, a possible dividend hike seems to be in the cards, highlighting its appeal among REIT analysts.
Kimco Realty Corp KIM News Analytics from Thu, 27 Jun 2019 07:00:00 GMT to Thu, 26 Dec 2024 12:30:00 GMT -
Rating 2
- Innovation -1
- Information 8
- Rumor -5
