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KBC Group NV boosted its position in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 39.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,693 shares of the real estate investment trust’s stock after buying an additional 764 shares during the quarter. KBC Group NV’s holdings in Federal Realty Investment Trust were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of FRT. NBC Securities Inc. increased its holdings in shares of Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust during the third quarter worth approximately $36,000. Eastern Bank bought a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Federal Realty Investment Trust by 2,475.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 594 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Federal Realty Investment Trust by 10.9% during the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 110 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Federal Realty Investment Trust Stock Performance
NYSE FRT opened at $108.26 on Tuesday. The firm’s 50 day simple moving average is $110.05 and its 200 day simple moving average is $112.14. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 2.00 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34.
Wall Street Analyst Weigh In
FRT has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $122.00 to $125.00 in a research report on Friday, December 20th. StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $124.17.
Read Our Latest Analysis on FRT
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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