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Kimco Realty Corporation (KIM-PM)
- Benzinga
4 REITs With Recent Analyst Downgrades
It's always interesting to see the timing of analyst downgrades. The best downgrades usually come after a lengthy price runup that looks unsustainable, but sometimes an analyst will downgrade a stock after a sizeable pullback in price. When that happens, some investors see it as a contrarian indicator, speculating that extreme bearishness is now built into the stock and a reversal could be forthcoming. Take a look at four real estate investment trusts (REITs) that have received analyst downgrade
- Zacks
Kimco (KIM) Attains 2024 Disposition Target for Former RPT Assets
The disposition of these properties came as part of Kimco's (KIM) efforts to align its portfolio with long-term investment goals.
- Business Wire
Kimco Realty® Announces First Quarter Transaction Activity Highlighted by the Sale of Ten Former RPT Properties for $248 Million
JERICHO, N.Y., March 27, 2024--Kimco Realty® (NYSE: KIM) today announced the disposition of ten former RPT Realty (RPT) properties for an aggregate price of $248 million. These centers did not fully align with the company’s long-term investment goals. Pricing for the ten properties equated to an approximately 8.5% blended in-place cap rate. As part of these sales, Kimco invested approximately $67 million under its Structured Investment program on seven of the properties and expects to earn a 10%
