Federal Realty Investment Trust (FRT) has consistently outperformed its competitors, despite occasional underperformance in daily gains. Its Q3 2024 earnings are anticipated, amid strategic stock reduction by
State Street Corp and
JPMorgan Chase & Co. FRT's Q2 earnings surpassed Wall Street estimates, likewise, its
FFO and revenues. The consistency reflected in its annual forecast lift due to sustained leasing demand.
FRT's stock has risen several times albeit underperforming the market. Announcements on second, third, and first quarter operating results indexed positive positions. FRT partnered with
Fifth Wall, and has a Dividend King status, appealing to retirees. Additionally, its stock was lowered to $119.00 at
Scotiabank. Sale transaction on the Third Street Promenade Portfolio was finalized while passive income generation from its stock was underlined.
AQR Capital Management LLC and
Handelsbanken Fonder AB increased their stock positions on FRT. FRT received top workplace honors from
The Washington Post and
San Francisco Chronicle. Its series C preferred share yield surpassed 5.5%. Prediction on FRT's yield is also positive, even in a recession event. Besides, it announced the closing of the offering of 3.25% Exchangeable Senior Notes due 2029. FRT's stock index rose to 52-Week High at $117.78, and it is set to renovate Fairfax Shopping Center.
Federal Realty Investment Trust FRT News Analytics from Wed, 03 Jan 2024 08:00:00 GMT to Fri, 18 Oct 2024 21:20:00 GMT -
Rating 6
- Innovation -2
- Information 5
- Rumor -2
