Thrivent Financial for Lutherans lowered its position in Federal Realty Investment Trust (NYSE:FRT – Free Report) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,888 shares of the real estate investment trust’s stock after selling 4,989 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Federal Realty Investment Trust were worth $2,281,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S lifted its stake in Federal Realty Investment Trust by 16.7% in the fourth quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 100 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in Federal Realty Investment Trust by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 103 shares during the last quarter. Equitable Holdings Inc. increased its holdings in shares of Federal Realty Investment Trust by 3.5% in the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Federal Realty Investment Trust by 18.8% in the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 109 shares during the period. Finally, Fort Point Capital Partners LLC increased its holdings in shares of Federal Realty Investment Trust by 1.4% in the third quarter. Fort Point Capital Partners LLC now owns 7,757 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.
Federal Realty Investment Trust Trading Up 0.1%
Shares of FRT stock opened at $119.83 on Tuesday. The business’s fifty day moving average price is $110.21 and its 200 day moving average price is $104.82. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $120.20. The firm has a market capitalization of $10.35 billion, a PE ratio of 20.80, a P/E/G ratio of 4.53 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64.
Federal Realty Investment Trust Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on FRT. Evercore set a $110.00 target price on Federal Realty Investment Trust in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Truist Financial boosted their target price on Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Stifel Nicolaus boosted their target price on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Barclays upped their price objective on Federal Realty Investment Trust from $107.00 to $116.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.23.
Get Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.
Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.
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