Broker recommendations for Kimco Realty Corp.
The Kimco Realty Corp. stock is rated at 1.826087 (on a scale 1-3, where 1 is ‘strong buy‘ and 3 is ‘strong sell‘) from Friday 10 July, 2020 by a total of 23 brokers. This means that the consensus of the 23 different brokers is leaning toward to moderate buy/hold.
Sell
1 (4.35%) Underweight
0 (0%) Hold
17 (73.91%) Overweight
0 (0%) Buy
5 (21.74%)
Price target by analysts
The 19 latest analyst estimates, per Tuesday 4 August, 2020, show the following high, low and average price targets.
Target Average: 13.13 USD
Target High: 16 USD
Target Low: 11 USD
Kimco Realty Announces Partial Redemption of Its 3.20% Senior Notes Due 2021
Wednesday, 15 July 2020, 22:50:00
JERICHO, N.Y.–(BUSINESS WIRE)–Kimco Realty Corp. (NYSE: KIM) (“Kimco” or the “Company”), today announced that it will redeem $200 million aggregate principal amount of its 3.20% Senior Notes due 2021 (CUSIP No. 49446R AL3) (the “Senior Notes”), representing a portion of the outstanding Senior Notes, on July 30, 2020 (the “Redemption Date”). The Senior Notes were issued pursuant to an Indenture, dated as of September 1, 1993 (the “Base Indenture”), between Kimco and The Bank of New York Mellon
— Business Wire
Kimco Realty’s green bond offering sees strong investor demand
Wednesday, 8 July 2020, 19:06:23
Kimco Realty has sold $500 million in green bonds amid strong investor demand that boosted the offering by $200 million, according to a source. There has not been “a time more imperative than now” for the REIT to focus on sustainability, according to CEO Conor Flynn.
— SmartBrief
Kimco Realty Debuts Green Debt as It Boosts Focus on ESG Issues
Wednesday, 8 July 2020, 16:45:35
Kimco Realty Corp. sold $500 million in green bonds after its ESG offering was boosted by strong investor demand
— NREI
Kimco Realty Is the ‘REIT’ Choice, Right Now
Wednesday, 1 July 2020, 13:00:00
Kimco Realty’s shares look like a bargain based on price/funds from operations….KIM
— The Street RealMoney
Kimco Realty Realizes Additional Value from Albertsons Investment
Tuesday, 30 June 2020, 23:12:00
JERICHO, N.Y.–(BUSINESS WIRE)–Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that it received approximately $71.4 million from its investment in Albertsons Companies, Inc. (NYSE: ACI) (Albertsons) upon the closing of its initial public offering (IPO). Kimco intends to use its share of proceeds to primarily reduce debt. During the second quarter, Kimco expec
— Business Wire
