Federal Realty Investment Trust (FRT) has made a significant mark in their Q2 2024 Operating results, exceeding forecasts and raising future expectations due to sustained leasing demand. The uptick in performance led to California State Teachers Retirement System and Public Employees Retirement Association of Colorado selling shares, while Price T Rowe Associates and O Shaughnessy Asset Management showed investment interests. Despite certain days underperforming in the market compared to competitors, the stock notably outperformed on multiple strong trading days. FRT's Q2 FFO and Revenues beat estimates and the company even increased its dividend to $1.10 per share. The strong performance spurred Piper Sandler to raise FRT's price target to $135.00. Amidst economic headwinds, FRT demonstrated mixed results but managed to hit a new 12-month high at $111.50. Various investments and share purchases by notable entities such as the Swiss National Bank and Vanguard Group Inc. underline the company's strong performance. Despite certain bearish stances from investors, most brokerages gave a moderate buy consensus to FRT stock, further reiterating its potential market value.
Federal Realty Investment Trust FRT News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 17:46:44 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -4
