Kimco Realty Corp Dividend History and ETF Impact
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: NASDAQ.COM
- Dividend Overview: Kimco Realty Corp recently declared a preferred stock dividend of $0.9062 per share, indicating the company's commitment to shareholder returns, although market fluctuations may affect investor confidence.
- ETF Composition: Kimco Realty Corp constitutes 3.29% of the Invesco S&P 500 Equal Weight Real Estate ETF, highlighting its significance in real estate portfolios, even as the ETF trades down approximately 1.5% on the day.
- Stock Performance Analysis: In Tuesday's trading, Kimco Realty's preferred shares (KIM.PRN) remained flat, while common shares (KIM) fell about 0.6%, reflecting a cautious market sentiment towards its common stock, which may influence investor buying decisions.
- Market Sentiment Impact: While the preferred shares remain stable, the decline in common shares could negatively affect overall investor sentiment, prompting investors to monitor market dynamics for informed decision-making.
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Analyst Views on KIM
Wall Street analysts forecast KIM stock price to fall
15 Analyst Rating
5 Buy
10 Hold
0 Sell
Moderate Buy
Current: 25.320
Low
21.00
Averages
23.96
High
27.00
Current: 25.320
Low
21.00
Averages
23.96
High
27.00
About KIM
Kimco Realty Corporation is a real estate investment trust (REIT) and owner and operator of open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The Company's portfolio is primarily concentrated in the first-ring suburbs of the major metropolitan markets, including high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. It specializes in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities. Its properties & leasing services include finding available space, signature series, re/development, specialty leasing, leasing programs, acquisitions & dispositions, and preferred equity & mezzanine financing. The Company has interests in approximately 568 United States shopping center properties, aggregating 101 million square feet of gross leasable area, located in 30 states.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Kimco Realty Corp Dividend History and ETF Impact
- Dividend Overview: Kimco Realty Corp recently declared a preferred stock dividend of $0.9062 per share, indicating the company's commitment to shareholder returns, although market fluctuations may affect investor confidence.
- ETF Composition: Kimco Realty Corp constitutes 3.29% of the Invesco S&P 500 Equal Weight Real Estate ETF, highlighting its significance in real estate portfolios, even as the ETF trades down approximately 1.5% on the day.
- Stock Performance Analysis: In Tuesday's trading, Kimco Realty's preferred shares (KIM.PRN) remained flat, while common shares (KIM) fell about 0.6%, reflecting a cautious market sentiment towards its common stock, which may influence investor buying decisions.
- Market Sentiment Impact: While the preferred shares remain stable, the decline in common shares could negatively affect overall investor sentiment, prompting investors to monitor market dynamics for informed decision-making.
See More
Key Wall Street Rating Updates on Monday
- Tesla Rating Maintained: Jefferies raised Tesla's price target from $350 to $375, indicating that the stock did not sell off ahead of the SPCX IPO, which suggests a consensus on a potential merger that could turn TSLA into a tracker to minimize shareholder dilution risk.
- Kimco Realty Upgrade: Wolfe upgraded Kimco Realty from Peer Perform to Outperform with a price target of $28, anticipating approximately a 16% total return, reflecting strong fundamentals and signaling a recovery potential in the real estate market.
- Cleveland-Cliffs Downgrade: Morgan Stanley downgraded Cleveland-Cliffs from Overweight to Equal Weight with a new price target of $12.5, indicating a more balanced risk-reward profile in line with peers, reflecting a cautious market sentiment towards the stock.
- Micron Technology Reiteration: Bernstein raised Micron's price target from $510 to $1,300 while maintaining an Outperform rating, driven by optimistic forecasts for conventional memory and high bandwidth memory pricing, highlighting a robust recovery in the semiconductor sector.
See More
The Importance of Market Capitalization for Investors
- Market Capitalization Comparison: IDEX Corporation's market cap stands at $16.56 billion, compared to Kimco Realty Corp's $16.52 billion, highlighting their relative size differences within the S&P 500, which aids investors in accurately assessing company value.
- Investor Misconceptions: Many novice investors mistakenly believe that a higher stock price indicates greater company value, but market capitalization provides a true value comparison, helping investors make more informed decisions and avoid such misconceptions.
- Size Impact: A company's market capitalization determines its size tier among peers, which directly influences which mutual funds and ETFs are willing to hold the stock, particularly as large-cap funds tend to focus on companies valued over $10 billion.
- Market Performance: At Thursday's close, IDEX's stock rose approximately 1%, while Kimco's stock fell about 0.3%, reflecting differing investor sentiment and expectations for these two companies.
See More
Kimco Realty Upsizes $525 Million Exchangeable Notes Offering
- Upsized Bond Offering: Kimco Realty announced an upsized offering of $525 million in 3.50% exchangeable senior notes, increasing from the previously announced $500 million, indicating strong market demand for its financing needs.
- Bond Terms Details: The notes will mature in 2031 with a 3.50% interest rate, starting interest payments in December 2026, reflecting the company's confidence in future cash flows.
- Planned Use of Proceeds: Kimco intends to use approximately $104.7 million of the net proceeds to repurchase 4.13 million shares of common stock, with the remainder allocated for general corporate purposes, including debt repayment and investment opportunities, aimed at strengthening its capital structure and market competitiveness.
- Positive Market Reaction: In pre-market trading on the NYSE, Kimco shares rose 0.08% to $25.40, reflecting investor confidence in the company's financial strategy and outlook.
See More
Kmco Realty Prices $525M Exchangeable Senior Notes Offering
- Increased Offering Size: Kmco Realty's subsidiary, Kimco Realty OP, has raised its offering of exchangeable senior notes from $500 million to $525 million, indicating strong market demand for this debt instrument, which is expected to enhance the company's capital structure.
- Interest Rate and Maturity: The notes carry an interest rate of 3.50% and are set to mature on June 15, 2031, with interest payments made semi-annually starting December 15, 2026, ensuring stability in the company's future cash flows.
- Clear Use of Proceeds: Kimco OP plans to allocate approximately $104.7 million of the net proceeds to repurchase 4,125,900 shares of Kimco common stock, with the remainder for general corporate purposes, a strategy that aims to boost earnings per share and enhance shareholder value.
- Additional Purchase Option: The initial purchasers have a 13-day option to buy an additional $75 million of the notes, providing flexibility that may further strengthen the company's financing capabilities to support future expansion plans.
See More
Drip Coffee Sues Kimco Realty for Fraudulent Practices
- Lawsuit Allegations: Drip Coffee has filed a lawsuit in Florida accusing Kimco Realty of fraudulent practices, claiming the company enters into long-term leases with tenants while planning to evict them later, indicating deceptive business conduct.
- Redevelopment Impact: The lawsuit asserts that Kimco plans to demolish over 100,000 square feet of the shopping center, including an LA Fitness and a movie theater, to make way for Target, which will severely impact existing tenants.
- Ethical Concerns: Drip Coffee's President, Taylor Schear, stated that Kimco's actions not only jeopardize tenant safety but also lead to the loss of businesses and jobs due to profit-driven motives, highlighting a lack of corporate ethics.
- Failed Settlement Attempts: After unsuccessful attempts to resolve the matter amicably with Kimco, Drip Coffee has opted to pursue legal action, demonstrating its commitment to protecting its rights.
See More
Kimco Realty Corp Dividend History and ETF Impact
- Dividend Overview: Kimco Realty Corp recently declared a preferred stock dividend of $0.9062 per share, indicating the company's commitment to shareholder returns, although market fluctuations may affect investor confidence.
- ETF Composition: Kimco Realty Corp constitutes 3.29% of the Invesco S&P 500 Equal Weight Real Estate ETF, highlighting its significance in real estate portfolios, even as the ETF trades down approximately 1.5% on the day.
- Stock Performance Analysis: In Tuesday's trading, Kimco Realty's preferred shares (KIM.PRN) remained flat, while common shares (KIM) fell about 0.6%, reflecting a cautious market sentiment towards its common stock, which may influence investor buying decisions.
- Market Sentiment Impact: While the preferred shares remain stable, the decline in common shares could negatively affect overall investor sentiment, prompting investors to monitor market dynamics for informed decision-making.
See More
Key Wall Street Rating Updates on Monday
- Tesla Rating Maintained: Jefferies raised Tesla's price target from $350 to $375, indicating that the stock did not sell off ahead of the SPCX IPO, which suggests a consensus on a potential merger that could turn TSLA into a tracker to minimize shareholder dilution risk.
- Kimco Realty Upgrade: Wolfe upgraded Kimco Realty from Peer Perform to Outperform with a price target of $28, anticipating approximately a 16% total return, reflecting strong fundamentals and signaling a recovery potential in the real estate market.
- Cleveland-Cliffs Downgrade: Morgan Stanley downgraded Cleveland-Cliffs from Overweight to Equal Weight with a new price target of $12.5, indicating a more balanced risk-reward profile in line with peers, reflecting a cautious market sentiment towards the stock.
- Micron Technology Reiteration: Bernstein raised Micron's price target from $510 to $1,300 while maintaining an Outperform rating, driven by optimistic forecasts for conventional memory and high bandwidth memory pricing, highlighting a robust recovery in the semiconductor sector.
See More
The Importance of Market Capitalization for Investors
- Market Capitalization Comparison: IDEX Corporation's market cap stands at $16.56 billion, compared to Kimco Realty Corp's $16.52 billion, highlighting their relative size differences within the S&P 500, which aids investors in accurately assessing company value.
- Investor Misconceptions: Many novice investors mistakenly believe that a higher stock price indicates greater company value, but market capitalization provides a true value comparison, helping investors make more informed decisions and avoid such misconceptions.
- Size Impact: A company's market capitalization determines its size tier among peers, which directly influences which mutual funds and ETFs are willing to hold the stock, particularly as large-cap funds tend to focus on companies valued over $10 billion.
- Market Performance: At Thursday's close, IDEX's stock rose approximately 1%, while Kimco's stock fell about 0.3%, reflecting differing investor sentiment and expectations for these two companies.
See More
Kimco Realty Upsizes $525 Million Exchangeable Notes Offering
- Upsized Bond Offering: Kimco Realty announced an upsized offering of $525 million in 3.50% exchangeable senior notes, increasing from the previously announced $500 million, indicating strong market demand for its financing needs.
- Bond Terms Details: The notes will mature in 2031 with a 3.50% interest rate, starting interest payments in December 2026, reflecting the company's confidence in future cash flows.
- Planned Use of Proceeds: Kimco intends to use approximately $104.7 million of the net proceeds to repurchase 4.13 million shares of common stock, with the remainder allocated for general corporate purposes, including debt repayment and investment opportunities, aimed at strengthening its capital structure and market competitiveness.
- Positive Market Reaction: In pre-market trading on the NYSE, Kimco shares rose 0.08% to $25.40, reflecting investor confidence in the company's financial strategy and outlook.
See More
Kmco Realty Prices $525M Exchangeable Senior Notes Offering
- Increased Offering Size: Kmco Realty's subsidiary, Kimco Realty OP, has raised its offering of exchangeable senior notes from $500 million to $525 million, indicating strong market demand for this debt instrument, which is expected to enhance the company's capital structure.
- Interest Rate and Maturity: The notes carry an interest rate of 3.50% and are set to mature on June 15, 2031, with interest payments made semi-annually starting December 15, 2026, ensuring stability in the company's future cash flows.
- Clear Use of Proceeds: Kimco OP plans to allocate approximately $104.7 million of the net proceeds to repurchase 4,125,900 shares of Kimco common stock, with the remainder for general corporate purposes, a strategy that aims to boost earnings per share and enhance shareholder value.
- Additional Purchase Option: The initial purchasers have a 13-day option to buy an additional $75 million of the notes, providing flexibility that may further strengthen the company's financing capabilities to support future expansion plans.
See More
Drip Coffee Sues Kimco Realty for Fraudulent Practices
- Lawsuit Allegations: Drip Coffee has filed a lawsuit in Florida accusing Kimco Realty of fraudulent practices, claiming the company enters into long-term leases with tenants while planning to evict them later, indicating deceptive business conduct.
- Redevelopment Impact: The lawsuit asserts that Kimco plans to demolish over 100,000 square feet of the shopping center, including an LA Fitness and a movie theater, to make way for Target, which will severely impact existing tenants.
- Ethical Concerns: Drip Coffee's President, Taylor Schear, stated that Kimco's actions not only jeopardize tenant safety but also lead to the loss of businesses and jobs due to profit-driven motives, highlighting a lack of corporate ethics.
- Failed Settlement Attempts: After unsuccessful attempts to resolve the matter amicably with Kimco, Drip Coffee has opted to pursue legal action, demonstrating its commitment to protecting its rights.
See More
