Federal Realty Investment Trust (FRT) has been consistently underperforming against their competitors despite daily gains, which led to several financial firms, including
Stifel and
Truist, to cut FRT's stock target. However, holdings in FRT increased for several companies including American International Group Inc., Park Avenue Securities LLC, and Nomura Holdings Inc., indicating some financial institutions remain confident in FRT's future. FRT has recently released its Q1 2024 earnings and announced the sale of its Third Street Promenade Portfolio. Unfortunately, FRT has missed its Q1 FFO and Revenue estimates suggesting a possible financial strain. Interestingly, FRT continues to be in focus for being a
Dividend Aristocrat, indicating its consistent history of paying out dividends. Amid these developments, some analysts continue to consider FRT a moderate buy. Notably, FRT completed an upsized pricing of $425 million worth of exchangeable senior notes and acquired Virginia Gateway retail center for $215 million. FRT is also partnering with Fifth Wall in its bid to expand its market presence. Despite the economic headwinds, certain factions deem FRT to be still a good buy due to its strong trading days and highlight its potential as a high dividend REIT stock.
Federal Realty Investment Trust FRT News Analytics from Thu, 31 Aug 2023 07:00:00 GMT to Sat, 29 Jun 2024 17:22:22 GMT -
Rating 1
- Innovation -3
- Information 4
- Rumor 2
