In the realm of real estate investment,
Federal Realty Investment Trust (FRT) has been making significant strides.
Envestnet Asset Management and
Marshall Wace LLP have increased their positions in the firm, while Point72 DIFC Ltd and MQS Management LLC have acquired new holdings.
Citigroup has upgraded its rating to 'Buy' while ProShare Advisors LLC has boosted its holdings. FRT has also obtained top workplace recognition from
The Washington Post and
San Francisco Chronicle. Its operating results for
Q1 and Q2 of 2024 were announced, and the firm was found frequently outperforming competitors on strong trading days. A partnership with
Fifth Wall and continuing leasing demand led to an annual forecast lift. However, there were instances of underperformance against competitors.
Citigroup's price target for
FRT is set at $122.85. The company also announced pricing of exchangeable senior notes and completed the sale of the third street promenade portfolio. Significant insider sales occurred and the Federal CEO,
Don Wood expressed bullish views on suburban retail. The company's 52-week high is $117.78. There was also a significant uptick in passive income potential.
Federal Realty Investment Trust FRT News Analytics from Mon, 08 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 07:16:16 GMT -
Rating 8
- Innovation -4
- Information 9
- Rumor -6
