Federal Realty Investment Trust (FRT) has persistently demonstrated a mixed performance over the recent quarters. The entity managed to beat the Q2 FFO and revenue estimates, even as the Q1 FFO lagged behind estimates. The Q2 and Q3 earnings have been lauded for solid performance, despite slight shortcomings like missing the EPS. While FRT stock has underperformed on some days, there were instances of it outperforming competitors, mirroring a sturdy trading day. The Trust announced $1.09 as the quarterly dividend and has been given a consensus recommendation of 'Moderate Buy' by multiple brokerages. It faced deviating views such as Mackenzie Financial Corp selling off 16526 FRT shares while Louisiana State Employees Retirement System and Raymond James Financial Services Advisors Inc. boosted their stake in FRT. Deutsche Bank Aktiengesellschaft upgraded the Trust to 'Buy'. FRT's intriguing performance, coupled with strategic moves like private placement of $400 million of exchangeable senior notes, office leasing announcements, and ensuring higher dividends non-stop, have made it an attractive investment option. Federal Realty also revealed plans for the Lord and Taylor re-do project and also got included in BofA's top picks with a raised stock PT. It's worth noting that, despite socio-economic headwinds, FRT has been regularly releasing positive earnings guidance, signaling its adaptability and resilience.
Federal Realty Investment Trust FRT News Analytics from Wed, 31 May 2023 07:00:00 GMT to Tue, 07 May 2024 11:53:19 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 1
