Kimco Realty Corp. (KIM) has seen fluctuations, with some significant drops in its stock price. However, they have been making aggressive moves in the Florida area, adding
The Markets at Town Center and
Waterford Lakes Town Center to its portfolio for $108M and $322M respectively. Kimco also completed a
RPT Realty Buyout in an All-Stock Deal and merged with
Weingarten Realty, thus cementing their hold in the Real Estate Investment Trust space. Kimco remains an active player with a Dividend Tax offer to RPT Realty Convertible Preferred Investors until 2024 and a
Cash Tender Offer to their shareholders. Despite being declared as
oversold and closing below their 200-day moving average, they still exhibit good market dynamics with a decent
Yield, Strong Coverage, and Dividend Growth. Kimco is investing strategically, keeping an eye out for a possible yield spike and robust growth. Additionally, Kimco took the landmark step of rescuing Houston's Iconic Cinema, emphasized its commitment to
ESG goals, and was named to the
DJSI World Index. It's noteworthy that Kimco also facilitated the
opening of ShopRite at The Boulevard® Signature Series® Redevelopment and sold land to Spirit Airlines for their new headquarters.
JP Morgan downgraded the company's preferred stock while
Evercore ISI cut their price target. Despite all these, Kimco Corp's stock has still been able to maximize growth to hit new 52-week highs.
Kimco Realty Corp KIM News Analytics from Fri, 05 Jun 2015 12:57:55 GMT to Thu, 09 Jan 2025 15:58:00 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -1
