Federal Realty Investment Trust (FRT) has been having a rollercoaster ride. Amid the market volatility, the stock generally outperformed competitors, despite daily losses on some days. FRT witnessed leadership changes, including its COO Jeffrey Berkes's impending exit. FRT has been balancing consumer trends and inflation. Investments were made by Entropy Technologies LP, however, some institutions such as Janney Capital Management LLC, DekaBank Deutsche Girozentrale, and Robeco Institutional Asset Management BV reduced their stakes. It missed Q3 FFO estimates but raised its 2024 guidance in response. Analysts set a consensus target price of $122.85, with JPMorgan Chase & Co. lifting the price target even higher. Quarterly earnings have been solid, receiving praises, and the company also earned workplace honors. FRT's sustained leasing demand lifts its annual forecast. In addition, FRT's quality is suggested to be worth the premium and has been deemed a good choice for retirees. An Insider sale occurred with Jeffrey Berkes selling a large number of shares. The company also partnered with Fifth Wall and released a sustainability report in 2023. Looking forward, prospects are bullish.
Federal Realty Investment Trust FRT News Analytics from Mon, 08 Jan 2024 08:00:00 GMT to Sat, 16 Nov 2024 01:41:23 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor -3
