Federal Realty Investment Trust to Join S&P 500
23 January 2016 - 10:56AM
Dow Jones News
By Josh Beckerman
Federal Realty Investment Trust (FRT) will join the S&P 500
index after the close of trading Jan. 29.
S&P Dow Jones Indices said the real-estate investment trust
will replace Broadcom Corp. (BRCM), which is slated to be sold to
Avago Technologies Ltd.
Shares of Rockville, Md.-based Federal Realty rose 1.6% to
$152.74 in after-hours trading Friday.
Inclusion in the S&P 500 is typically a boon for a stock as
index-tracking funds buy shares.
On Nov. 4, Federal Realty reported higher third-quarter funds
from operations and increased its full-year guidance.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 22, 2016 18:41 ET (23:41 GMT)
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