|Bid||0.00 x 2900|
|Ask||0.00 x 2900|
|Day's Range||17.51 - 17.75|
|52 Week Range||17.34 - 23.27|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||29.00|
|Earnings Date||Oct 25, 2023 - Oct 30, 2023|
|Forward Dividend & Yield||0.92 (5.20%)|
|Ex-Dividend Date||Sep 06, 2023|
|1y Target Est||22.51|
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Focus on grocery-anchored centers, mixed-use assets and a solid balance sheet are likely to support Kimco (KIM). However, a rise in e-commerce adoption and high interest rates remain key headwinds.
The onset of multiple rate hikes by the Federal Reserve in the early spring of 2022 has proven to be a difficult headwind for interest-sensitive assets such as real estate investment trusts (REITs) to overcome. Two reasons REITs struggle in rising interest rate environments are that borrowing money to fund acquisitions becomes more expensive, and Treasury bonds and CDs become lower-risk alternatives for investors seeking income. With the Federal Reserve scheduled to meet this week, you might not
JERICHO, N.Y., September 12, 2023--Kimco Realty® (NYSE: KIM) will announce its third quarter 2023 earnings on Thursday, October 26, 2023, before market open. You are invited to listen to our quarterly earnings conference call, which will be webcast on Thursday, October 26, 2023, at 8:30 AM ET.