market folly

Doug Silverman and Alex Klabin's hedge fund firm Senator Investment Group has filed a 13G with the SEC regarding shares of Forest City Realty Trust (FCE/A).  Per the filing, Senator now owns 5.69% of the company with 13.75 million shares.

This is a newly disclosed equity stake for Senator and the filing was made due to activity on February 27th, 2017.

You can view additional recent portfolio activity from Senator here.

Per Google Finance, Forest City Realty Trust is "engaged in the ownership, development, management and acquisition of commercial, and residential real estate and land throughout the United States. The Company's segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. The Commercial Group segment owns, develops, acquires and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects. The Residential Group segment owns, develops, acquires and operates residential rental properties, including upscale and middle-market apartments, re-use developments, for-sale condominium projects and subsidized senior housing. The Land Development Group segment acquires and sells both land and developed lots to residential, commercial and industrial customers at its Stapleton project in Denver, Colorado. It conducts all of its business, through the Operating Partnership, Forest City Enterprises, L.P."