AEGON ASSET MANAGEMENT UK Plc has trimmed its stake in Kimco Realty Corp. Recently, Kimco Realty outperformed its competitors on a strong trading day. After 60 years, Founder Milton Cooper is set to retire, heralding new board leadership. Concurrent updates reveal changes to the Kimco Realty Board. The stock recently had a downturn but followed by expansion of their presence in Florida via acquisition of The Markets at Town Center. Nisa Investment Advisors trimmed their holdings in Kimco. The company entered oversold territory. Despite this, analysts set Kimco's price target at $24.84. Several new positions were bought by institutions including Avanza Fonder AB and TrueWealth Advisors LLC. Their Q3 2024 Earnings showcased increased occupancy and strong financial performance. Kimco underwent both a downgrade and upgrade recently but outperformed competitors on strong trading days. Their stock passed above two hundred day moving average and got a high at $25.8. They have a strong coverage and showed good market dynamics. S&P Global upgraded their rating outlook to positive. However, sounds of concerns are raised if their stocks are underperforming the S&P500. Kimco recently announced a dividend increase. Their buy outs and the announcement of certain transactions sets stage for future growth. As they complete the merger with Weingarten Realty and the acquisition of various centers, one can see how they are expanding their portfolio. They stood by their commitment to Environmental, Social, and Governance (ESG) practices and doubled their solar installation. Coping with COVID-19 challenges, they have launched a curbside pickup program. Despite a recent dividend cut, analysts believe in their strong balance sheet.
Kimco Realty Corp KIM News Analytics from Tue, 03 Apr 2018 07:00:00 GMT to Sat, 25 Jan 2025 13:57:03 GMT - Rating 7 - Innovation 3 - Information 9 - Rumor -3
