Federal Realty Investment Trust (FRT) has been a topic of discussion with brokers setting a
consensus price target of $114. Despite daily gains, FRT's stock continually underperformed against competitors. Major securities firms, such as
SG Americas Securities LLC and
Janney Montgomery Scott LLC, have increased their stakes in the company while some like
Cwm LLC and
Janney Capital Management LLC have reduced their holdings. FRT's Q1 2024 performance was underwhelming with misses on FFO and Revenues, although they finished strong in 2023. They had notable proceedings such as the sale of the
Third Street Promenade portfolio, the release of their
2023 Sustainability Report, and the
closing of an offering of 3.25% Exchangeable Senior Notes due 2029. FRT has acquired the
Virginia Gateway retail center, and the partnership with
Fifth Wall is expected to drive innovation and growth. However, caution comes with
Truist lowering their FRT share target due to reduced FFO estimates.
Federal Realty Investment Trust FRT News Analytics from Mon, 10 Aug 2020 07:00:00 GMT to Sun, 14 Jul 2024 12:49:39 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor -3
