Kimco Realty: I No Longer Recommend This 6.3%-Yielding REIT Based On Valuation

Kimco Realty Corp.’s (KIM) shares have rebounded strongly from the December market rout, and, as a result, I no longer recommend the REIT for new income investors. Though I like the REIT’s overall value proposition in terms of portfolio and distribution coverage, the valuation has become a bit stretched lately, which translates into an unattractive…

Real Estate Declines Despite Strong Jobs Report

Real Estate Weekly Review The S&P 500 (SPY) retreated from record highs set last week on a busy week of economic data and contentious domestic politics. Economic data was generally solid this week, highlighted by Friday’s nonfarm payrolls report which showed the strongest rate of wage growth since the end of the recession. Real estate…