PFG Investments LLC Sells 1,193 Shares of Federal Realty Investment Trust (NYSE:FRT)

PFG Investments LLC cut its stake in Federal Realty Investment Trust (NYSE:FRT) by 19.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,043 shares of the real estate investment trust’s stock after selling 1,193 shares during the period. PFG Investments LLC’s holdings in Federal Realty Investment Trust were worth $565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. NBC Securities Inc. grew its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares in the last quarter. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust in the third quarter worth approximately $36,000. Eastern Bank purchased a new position in Federal Realty Investment Trust during the 3rd quarter worth $52,000. Whittier Trust Co. of Nevada Inc. raised its position in Federal Realty Investment Trust by 2,475.0% during the 3rd 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 in the last quarter. Finally, CWM LLC lifted its holdings in shares of Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 110 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FRT shares. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $122.00 to $125.00 in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Scotiabank upped their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.17.

Federal Realty Investment Trust Stock Down 1.2 %

Federal Realty Investment Trust stock opened at $107.39 on Thursday. The business’s 50-day moving average price is $110.45 and its 200 day moving average price is $112.12. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34.

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.