KBC Group NV holds a substantial position in Kimco Realty Corporation (NYSE:KIM) valued at $13.37 million, while Barclays has initiated coverage of KIM with an overweight rating. The Teacher Retirement System of Texas has increased its holdings and Sumitomo Mitsui Trust Group Inc. and Robeco Institutional Asset Management B.V. have both acquired sizable shares. Furthermore, Kimco Realty recently completed a $500 million public offering of notes.
Kimco’s large, stable portfolio of Shopping Centers continues to produce solid, albeit slow NOI growth. The company’s Q2 earnings call was closely watched following a report of strong leasing activity. Barclays continues to support KIM, citing strength in grocery-anchored retail. Meanwhile, multiple firms are increasing their stock positions in KIM, suggesting strong institutional interest. Despite this, some concerns exist whether the KIM stock is underperforming the Dow.
Kimco’s recent $500M financing at 5.300% along with the acquisition of RPT Realty signal potential expansion plans. The company is also focusing on community impact, culture, and sustainability. Kimco has set its sights on Florida, expanding its presence with the acquisition of The Markets at Town Center as well as other notable properties.
Kimco Realty Corp KIM News Analytics from Mon, 11 Apr 2016 07:00:00 GMT to Sat, 05 Jul 2025 19:58:50 GMT - Rating 7 - Innovation 1 - Information 8 - Rumor -3
