Amalgamated Bank and
M&T Bank Corp trimmed their holdings in Federal Realty Investment Trust (NYSE:FRT), selling 1,315 and 413 shares respectively. Similar moves were made by the Swiss National Bank and New York Life Investment Management LLC, which sold 16,700 and 303 shares of FRT, respectively. Conversely,
Victory Capital Management Inc. bolstered its stake in FRT, purchasing 15,173 shares, bringing its total holdings to $28.90 million. Meanwhile,
Van ECK Associates Corp increased its stake, acquiring 3,892 shares of FRT. Trading activity saw FRT stock both outperform rivals on some days, and conversely lag behind the market on others. There were also fluctuations in FRT's value, with a 4.2% dip since the last earnings report, raising queries about potential rebounds. Recent Q2 FFO and Revenue estimates missed the mark, following a previously positive Q1 highlights that signaled strong performance and solid earnings growth. Amid economic headwinds, the trust performed mixed results. While the CEO's remuneration is being compared with industry peers, financial analysts are eager to dissect
Wall Street projections for FRT's future prospects.
Federal Realty Investment Trust FRT News Analytics from Wed, 31 May 2023 07:00:00 GMT to Sun, 12 May 2024 16:57:23 GMT -
Rating 2
- Innovation -2
- Information 5
- Rumor -3
