- Business Wire•3 hours ago
Kimco Realty Corp. today announced its public offering of $400 million aggregate principal amount of notes due 2027 at a coupon of 3.800% per annum with an effective yield of 3.844%, maturing April 1, 2027.
Is it time to go shopping for retail REITs? Like many bond proxies, real estate investment trusts, or REITs, have been hit by rising interest rates, which raise their borrowing costs and can slow real estate development. On the heels of the industry’s last earnings seasons (for the fourth quarter of 2016), Chris Lucas and his team of analysts at Capital One have cut 2017 estimates for the retail REITs, predicting a 2% rise in core FFOPs, down from the prior 2.9% forecast.
- Morningstar•8 days ago
Despite the dour headlines, we see buying opportunities in these real estate investment trusts.
KIM : Summary for Kimco Realty Corporation Common - Yahoo Finance
Kimco Realty Corporation (KIM)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||21.86 - 22.57|
|52 Week Range||21.46 - 32.24|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||28.01|
|Dividend & Yield||1.08 (4.79%)|
|1y Target Est||N/A|