http://finance.yahoo.com/news/Kimco-Realty-gets-new-220M-apf-14971576.html?.v=1decent news from the sector- money is out there-unsecured even.. question is; WHO can get it? Here's hoping that PEI is one to get it and can avoid an equity offering. Div will stay the same, announcement should be soon. Last year it was announced the 9th of April, years previous it was 3rd week of May, so sometime in the next 3-4 weeks.
the dividend must go up to retain the flood of international investors
for the last 3 quarters the stock gets hammered just before the div announce
The huge short position is exactly why you buy this REIT and why large blocks trade in the last 30 minutes.
I'm not concerned about shorts. They're the ones in trouble. If they want to short more, they'll just be digging themselves a bigger hole. I know it and they know it.
Vornado's stock issue will raise an additional $100 million. The trend for reits is to raise money via stock sales. Interest in cheap reit shares exists.http://www.reuters.com/article/marketsNews/idINN2219874820090422?rpc=44