The
Federal Realty Investment Trust (FRT) hasn't been performing as strongly in the market compared to its competitors, however, it still holds a notable position. The
first quarter 2024 operating results were mixed, and FRT's target price was reduced to $114.00 by Evercore ISI. Nevertheless, firms like
Victory Capital Management Inc. and
Van ECK Associates Corp increased their stakes in FRT, reinforcing investor confidence. The Trust's
debt-to-EBITDA ratio and Q1 earning analysis throw light on its financial standing while the sale of shares by New York Life Investment Management LLC and The Retirement Systems of Alabama highlight the diversification in shareholder actions. Moreover, the purchase of
$425 million of exchangeable senior notes signifies robust corporate moves while the closing of
offering 3.25% exchangeable senior notes till 2029 further scales up the financial operations. However, markets have witnessed a 5.4% decline following their last earnings report. FRT also scored a consensus recommendation of 'Moderate Buy' from brokerages. The Trust's
dividend analysis and average price target from brokerages are other essential parameters shaping FRT's market sentiment. The announcement of the
2022 Environmental, Social, and Governance report underscores FRT's commitment to ESG principles.
Federal Realty Investment Trust FRT News Analytics from Thu, 01 Jun 2023 07:00:00 GMT to Thu, 09 May 2024 21:23:00 GMT -
Rating 3
- Innovation 4
- Information 6
- Rumor -5
