One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 568 shopping centers throughout major markets in the US, representing roughly 101 million square feet.

One of the oldest real estate investment trusts in the United States, Kimco Realty owns interests in 568 shopping centers throughout major markets in the US, representing roughly 101 million square feet.

Kimco is a last-mile real estate investment trust specializing in the acquisition, development, and management of open-air shopping centers. The company's portfolio at the end of 2024 consisted of 568 U.S. shopping centers and mixed-use assets with about 101 million feet of gross leasable space. The company recognizes the value of multi-use retail destinations that include smaller tenants, and has maintained relationships with fast-food and coffee retailers. It has shopping centers in 39 states, with a focus on the last-mile suburbs of major metro coastal markets, as well as Sunbelt locations. At the start of 2025, the company's portfolio based on ABR was about 53% from anchor stores, of which one-third of anchors were grocery stores. National and regional chain tenants provided about 80% of ABR. In addition to grocery anchors, other anchors include clothing retailers, such as T.J Maxx, the company's top tenant. The REIT's largest grocery tenant is Amazon/Whole Foods. Kimco previously held a significant equity stake in Albertsons, and its balance sheet benefited from the Kroger-Albertsons merger. In January 2023, the company restructured with an internal merger into an umbrella partnership REIT, or UPREIT. The new parent holding company, New Kimco, is the publicly traded company. KIM shares are included in the S&P 500. The company's market cap is about $15 billion.

Last week's calm in insider-sentiment data from Vickers Stock Research apparently was a one-week wonder, as stock indices and insider-sentiment readings are again moving in wild fashion. We started focusing on concerning insider-sentiment data back in mid-January, much of which was coming from companies that trade on the Nasdaq. That carried on for multiple weeks and, on occasion, the NYSE data would also sour. Last week, the data seemingly calmed -- but stocks did not respond in kind, and Friday capped a week in which the major indices dropped by as much as 2.5%. So how did insiders respond? Not so well. The sell/buy ratios from Vickers are bullish under 2.00, neutral from 2.00 to 6.00, and bearish over 6.00. The current one-week ratios are 9.00 for the NYSE (versus 5.03 last week) and 5.21 for the Nasdaq (4.19 last week). That results in eight-week ratios of 5.66 for the NYSE (versus 5.02 last week) and 6.54 for the Nasdaq (6.18 last week). So the data is neutral-to-bearish and trending in the wrong direction. Investors, insiders included, appear to be struggling with many issues in the early months of 2025. On a sector basis, selling was the greatest in Healthcare over the last week, with shares valued at $97 million sold versus $10 million bought, and followed by Industrial, Consumer Discretionary, Financial, and Energy. There were no sectors in which insider buying outpaced selling. This week, analysts at Vickers highlighted insider transactions of interest at Royal Caribbean Cruises Ltd. (NYSE: RCL) and Ameriprise Financial, Inc. (NYSE: AMP).