Ross Stores Inc. Stock Rises Friday, Outperforms Market

Kimco Realty Corp

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Real Estate : Retail REITs | Mid Cap Blend

Company profile

Kimco Realty Corporation, formerly New KRC Corp., is a real estate investment trust (REIT). The Company is an owner and operator of open-air, grocery-anchored shopping centers, including mixed-use assets. The Company's portfolio is primarily concentrated in the first-ring suburbs of metropolitan markets, including those in high-barrier-to-entry coastal markets and Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. It specializes in shopping center ownership, management, acquisitions, and redevelopment activities. It owns interests in about 526 United States shopping centers and mixed-use assets comprising 91 million square feet of gross leasable space. The Company's properties include 2200 Westlake, Camelback Miller Plaza, Grand Parkway Marketplace, Kentlands Market Square, Scottsdale Waterfront, Jericho Commons, Cupertino Village, Centro Arlington, and Westlake Shopping Center, among others.

Ross Stores Inc. Stock Rises Friday, Outperforms Market

5:22 pm ET December 16, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Ross Stores Inc. (ROST) inched 0.23% higher to $113.95 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.11% to 3,852.36 and Dow Jones Industrial Average falling 0.85% to 32,920.46. The stock's rise snapped a two-day losing streak. Ross Stores Inc. closed $6.44 short of its 52-week high ($120.39), which the company achieved on December 13th.

The stock outperformed some of its competitors Friday, as Amazon.com Inc. (AMZN) fell 0.67% to $87.86, Target Corp. (TGT) fell 0.78% to $146.45, and TJX Cos. (TJX) fell 1.28% to $77.65. Trading volume (5.3 M) eclipsed its 50-day average volume of 2.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2022.

(END) Dow Jones Newswires

December 16, 2022 17:22 ET (22:22 GMT)