This roundup encompasses numerous important events relating to
Federal Realty Investment Trust (FRT). Federal met with
Maryland Governor and showcased strong
Q1 earnings.
UBS continued with a neutral rating on the trust, which also announced
key leadership promotions. FRT had a marginal surge but its stock took a slight dip as well, while also securing a position among the
Best REIT Dividend Stocks.
Price target adjustments by UBS indicated growth forecasts.
Leadership promotions and
Q1 profit rises were also announced. Both
Q1 FFO and revenues exceeded estimates. Wall Street estimates for key metrics hint at solid Q1 performance. The company is compared to Realty Income in terms of high-yield REIT stock and it continues to thrive as a
Dividend King due to innovative property upgrades. FRT expanded its West Coast presence with the acquisition of Del Monte Shopping Center and completed the sale of Levare Apartments at Santana Row. Amidst these moves, a new $300 million share repurchase program was announced. The company also received
Top Workplace honors from The Washington Post and San Francisco Chronicle. BlackRock reduced its stake in Federal Realty, who also announced a forthcoming Club Studio Fitness at Wynnewood Shopping Center.
Federal Realty Investment Trust FRT News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Mon, 16 Jun 2025 16:00:00 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor -3
