Kimco Realty Corp. has been actively expanding its presence, particularly in Florida and New York, with recent purchases of multiple assets such as The Markets at Town Center and a large, open-air grocery-anchored portfolio on Long Island. There’s a mixed sentiment in the market about the company; while it has strong financial performance and fundamentals, it also faces valuation hurdles. Major institutions including Zurcher Kantonalbank Zurich Cantonalbank, Amundi, and Generali Investments CEE have been buying shares, while others like Banco Santander, Andra AP fonden, and Pacific Heights Asset Management have been selling. Short interest in Kimco Realty Corp. has seen an increase of 20.5%. The company announced retiring founder Milton Cooper and named new board leadership. They have also been focusing on culture, sustainability, and community impact. However, certain negative factors are affecting its stock price, including lowered expectations from Scotiabank and a reduced price target from JP Morgan and Mizuho. Nevertheless, Kimco has been upgraded to ‘buy’ due to its strong fundamentals and reported strong Q4 2024 financial results.
Kimco Realty Corp KIM News Analytics from Thu, 15 Apr 2021 07:00:00 GMT to Sun, 16 Mar 2025 00:32:13 GMT -
Rating 2
- Innovation -3
- Information 6
- Rumor -4
