Federal Realty Investment Trust (FRT) has seen significant activity recently. The stock, which is up 6% since its last earnings report, has caught the attention of several major investing groups. Healthcare of Ontario Pension Plan Trust Fund and Citigroup Inc. have both acquired shares while Charles Schwab Investment Management Inc. and Waterfront Capital Partners LLC each hold significant stock positions. The company's operating results for Q3 2024 show record FFO (Funds from Operations), prompting it to raise its annual forecast based on sustained leasing demand. Despite periodic underperformance compared to competitors, the stock has been touted as a reliable high dividend REIT and a good buy in 2024. In recent developments, FRT announced leadership changes with Senior Exec Team Realignment and the exit of COO Jeffrey Berkes in 2024. The company also announced the completion of the sale of the Third Street Promenade portfolio and partnered with venture capital firm, Fifth Wall, highlighting their innovative approach. Looking ahead, FRT also released a 2023 sustainability report, further demonstrating its commitment to responsible growth.
Federal Realty Investment Trust FRT News Analytics from Mon, 08 Jan 2024 08:00:00 GMT to Sat, 30 Nov 2024 10:13:28 GMT -
Rating 7
- Innovation 2
- Information 9
- Rumor 4