State Street Amends Federal Realty Investment Trust Stake
Ticker: FRT-PC · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 34903
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investing
Related Tickers: FRT
TL;DR
**State Street still holds a big chunk of Federal Realty, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Federal Realty Investment Trust (FRT) as of December 31, 2023. This filing indicates that State Street holds a significant, though passive, stake in FRT, specifically in its REIT class of securities. This matters to investors because large institutional holdings like State Street's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock, as these institutions typically aren't quick to sell off large positions.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, maintains a significant position in Federal Realty Investment Trust, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This filing is an update on a passive institutional holding and does not indicate any immediate risks or changes in company operations.
Analyst Insight
Investors should note that a major institution like State Street holds a position in Federal Realty Investment Trust, which can be a sign of stability, but this filing alone doesn't suggest immediate buying or selling action.
Key Numbers
- 313745101 — CUSIP Number (identifies the specific class of securities (REIT) of Federal Realty Investment Trust)
- 005-31101 — SEC File Number (identifies Federal Realty Investment Trust's registration with the SEC)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Federal Realty Investment Trust (company) — the subject company whose securities are being reported
- REIT (company) — the title of the class of securities held by State Street
- 0000093751-24-000308 (dollar_amount) — the accession number for this filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring this filing
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in Federal Realty Investment Trust throughout 2024. (State Street Corporation) — high confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a passive ownership stake by an institutional investor, as stated in the 'FORM TYPE: SC 13G/A' section.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as clearly stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2 of 5.
What is the subject company whose securities are being reported?
The subject company, or 'NAME OF ISSUER,' is FEDERAL REALTY INVESTMENT TRUST, as indicated on page 1 of the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the REIT class of securities is 313745101, as listed on page 1 and page 2 of the filing.
What was the date of the event that required this filing?
The 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT' was 12/31/2023, as specified on page 1 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding FEDERAL REALTY INVESTMENT TRUST (FRT-PC).