The Federal Realty Investment Trust (FRT) has been regularly underperforming in the market, as observed over several trading days. Despite this, some financial institutions, such as the Banco Santander S.A., Swiss National Bank, Trillium Asset Management LLC, Sei Investments Co., and SG Americas Securities LLC have increased their holdings in FRT, with Mirae Asset Global Investments Co. Ltd. following suit. Meanwhile, others like the State Board of Administration of Florida Retirement System and Mutual of America Capital Management LLC have reduced their investments.
FRT has announced its Quarter 1 and 2 results for 2024, revealing both upsized pricing and mixed performance amid economic headwinds. In the face of these, the Trust proceeds with transactions including partnership with Fifth Wall, sale of the Third Street Promenade Portfolio, acquisition of the Virginia Gateway Retail Center for $215M and the offering of 3.25% Exchangeable Senior Notes due 2029. The stock has been touted as a potential high dividend REIT investment by some analysts, despite its recent market underperformance. The Federal Realty Investment Trust has also revealed executive promotions and new board members.
Federal Realty Investment Trust FRT News Analytics from Mon, 10 Aug 2020 07:00:00 GMT to Sun, 21 Jul 2024 15:05:44 GMT - Rating -8 - Innovation 0 - Information 8 - Rumor -5
