Federal Realty Investment Trust (FRT) has been a subject on major reviews.
Scotiabank elevated its price target to $112.00 and it was upgraded by Deutsche Bank. FRT
outperformed competitors in trading and released its Q1 2024 Operating Results. The
Q1 FFO and Revenue estimates were surpassed while they showed a 6.3% drop in short interest. Key metrics revealed an inconsistent performance as Q1 FFO lagged and missed estimates but saw a rise in revenues year over year. Despite underperforming in the market on multiple occasions, FRT has had acquisitions by various companies including Principal Securities Inc. and Meridian Wealth Management LLC making new investments. On the negative side, many entities
reduced FRT stock holdings including Truist Financial Corp, Swiss National Bank and Loudon Investment Management LLC. A noteworthy attribute is the
dividend aristocrat status of FRT which indicates a long track record of paying increased dividends. An investment with
Fifth Wall was announced and optimistic earnings for the remainder of 2024 projected. However, the trust stock dipped 5.4% following its last earnings report.
Federal Realty Investment Trust FRT News Analytics from Thu, 01 Jun 2023 07:00:00 GMT to Sun, 19 May 2024 13:38:12 GMT -
Rating 4
- Innovation -5
- Information 7
- Rumor 1
