U.S. Bancorp Stock Outperforms Competitors On Strong Trading Day

Kimco Realty Corp

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KIM 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.

U.S. Bancorp Stock Outperforms Competitors On Strong Trading Day

5:30 pm ET January 23, 2023 (MarketWatch) Print

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

Shares of U.S. Bancorp (USB) advanced 2.60% to $47.67 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,019.81 and the Dow Jones Industrial Average rising 0.76% to 33,629.56. This was the stock's second consecutive day of gains. U.S. Bancorp closed $12.83 below its 52-week high ($60.50), which the company reached on February 8th.

The stock outperformed some of its competitors Monday, as Bank of America Corp. (BAC) rose 1.39% to $34.32, Great Southern Bancorp Inc. (GSBC) rose 0.17% to $58.49, and Wells Fargo & Co. (WFC) rose 2.53% to $45.03. Trading volume (8.1 M) remained 1.7 million below its 50-day average volume of 9.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 23, 2023.

(END) Dow Jones Newswires

January 23, 2023 17:30 ET (22:30 GMT)