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Private Management Group Inc. Acquires 175,377 Shares of Federal Realty Investment Trust $FRT
Private Management Group Inc. significantly increased its stake in Federal Realty Investment Trust ($FRT) by purchasing an additional 175,377 shares, bringing their total to 279,772 shares valued at $28.34 million. This move is part of a broader trend of institutional investors modifying their holdings in FRT. Despite a recent earnings miss and a slight dip in stock price, several analysts maintain a “Moderate Buy” consensus rating for the real estate investment trust.