Principal Financial Group Inc. Stock Underperforms Monday When Compared To Competitors

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.

Principal Financial Group Inc. Stock Underperforms Monday When Compared To Competitors

5:18 pm ET December 19, 2022 (MarketWatch) Print

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

Shares of Principal Financial Group Inc. (PFG) slid 0.72% to $84.31 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.90% to 3,817.66 and Dow Jones Industrial Average falling 0.49% to 32,757.54. This was the stock's fifth consecutive day of losses. Principal Financial Group Inc. closed $11.86 below its 52-week high ($96.17), which the company achieved on November 11th.

The stock underperformed when compared to some of its competitors Monday, as Chubb Ltd. (CB) rose 0.13% to $211.96. Trading volume (1.6 M) remained 306,744 below its 50-day average volume of 1.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2022.

(END) Dow Jones Newswires

December 19, 2022 17:18 ET (22:18 GMT)