Kimco Realty stock slips 1.10% and underperforms competitors
Updated
Updated · MarketWatch · May 1
Kimco Realty stock slips 1.10% and underperforms competitors
9 articles · Updated · MarketWatch · May 1
Shares closed at $23.38 on Friday, while the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
Kimco ended 3.83% below its 52-week high of $24.31, reached on 20 April.
Among peers, Realty Income fell 0.67%, Regency Centers gained 1.03% and Federal Realty rose 3.99%, while Kimco trading volume of 5.9 million topped its 50-day average of 5.6 million.
With strong earnings but a falling stock, is Kimco Realty a hidden risk or a prime buying opportunity for investors?
Kimco is selling assets to manage debt. Will this strategy protect its strong dividend growth or signal future trouble?