Most analysts think investors should stand pat on Kimco, with nine of 17 analysts rating it hold.
Kimco Realty (KIM) reports its third quarter earnings on Tuesday, October 30, 2012.
Kimco Realty (KIM) reports its fourth quarter earnings on Tuesday, February 5, 2013.
The 40-center portfolio in the deal announced Wednesday was assembled by Kimco and the UBS fund from 2005 and 2007.
WSJ: Blackstone Buying Majority Stake in 40 Shopping Centers
Kimco Realty Corp. ( NYSE: KIM), according to The Online Investor.
Prior to joining Kimco, CEO Dave Henry spent 23 years at GE Capital Real Estate, where he was senior vice president and CIO.
FORBES: Kimco's Up 23 Percent, What's This Retail REIT Doing Right?
Equity One ( EQY), Regency Centers ( REG), Kimco ( KIM) and Weingarten Realty Advisors ( WRI) have all reported improved occupancy and FFO results.
The Wall Street consensus is 31 cents per share, up 3.3% from a year ago when Kimco reported earnings of 30 cents per share.
Analysts are expecting Kimco to report earnings of 31 cents per share, up 3.3% from a year ago when it reported earnings of 30 cents per share.
The centers are "very high quality assets, " David Henry, Kimco's president and chief executive, said during a call Wednesday to discuss Kimco's fourth-quarter financial results with investors.
WSJ: Blackstone Buying Majority Stake in 40 Shopping Centers
Last November Kimco celebrated its 20th anniversary as a public company and since its founding in 1958, the retail REIT has evolved into a diversely risk-aligned investment platform.
FORBES: Kimco's Up 23 Percent, What's This Retail REIT Doing Right?
Others rush to buy utility companies and commercial real estate trusts like Duke Energy (NYSE:DUKE), Southern Company (NYSE:SO), HCP, Inc. (NYSE:HCP), and Kimco Realty (NYSE:KIM) that pay similar or even higher dividends.
The FTSE NAREIT Retail Capped Index Fund ( RTL) has 23.2% in Simon Property (SPG), 11.94% in Kimco Realty (NYSE:KIM) and 10.81% in Macerich Co. (NYSE:MAC) for a total of 45.95% of the ETF.
Kimco owns stakes in 896 shopping centers globally.
WSJ: Blackstone Buying Majority Stake in 40 Shopping Centers
Meanwhile, real-estate investment trust Kimco Realty Corp.
WSJ: Blackstone Buying Majority Stake in 40 Shopping Centers
In the paper "Securities for Uncertain Times" Raymond James' Director of Real Estate Research, Paul Puryear, says the sentiment against REITs has swung too far negative and recommends several to investors, including the Kimco Realty Corporation, Mid-America Apartments and National Retail Properties.
Among the largest underlying components of RWR, in trading today Kimco Realty Corporation ( NYSE: KIM) is up about 0.7%, Macerich Company ( NYSE: MAC) is up about 0.7%, and Digital Realty Trust Incorporated ( NYSE: DLR) is up by about 0.9%.
Several REITs that could benefit from a Romney win include Kimco (KIM), Taubman (TCO), Regency Centers (REG), Weingarten (WRI), Realty Income (O), Simon Property Group (SPG), Vornado (VNO), Excel Trust (EXL) and American Realty Capital Properties (ARCP), Retail Opportunity Investment Corp .(ROIC).
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Among the largest underlying components of RWR, in trading today Digital Realty Trust, Inc. ( NYSE: DLR) is off about 0.7%, Kimco Realty Corp. ( NYSE: KIM) is down about 1.9%, and SL Green Realty Corp. ( NYSE: SLG) is lower by about 1.9%.
Some favored blue-chip REIT selections include Kimco Realty ( KIM), Realty Income ( O), National Retail Properties ( NNN), Public Storage ( PSA), Tanger Factory Outlets ( SKT), Simon Property Group ( SPG), Taubman Centers ( TCO), Federal Realty ( FRT), Prologis Inc. ( PLD) and Ventas Inc. ( VTR).
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