5,473 Shares in Federal Realty Investment Trust (NYSE:FRT) Purchased by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,473 shares of the real estate investment trust’s stock, valued at approximately $613,000.

Other hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its holdings in 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 buying an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $36,000. Eastern Bank acquired a new position in Federal Realty Investment Trust in the 3rd quarter worth about $52,000. Whittier Trust Co. of Nevada Inc. boosted its position in Federal Realty Investment Trust by 2,475.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 594 shares in the last quarter. Finally, CWM LLC grew its holdings in Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 110 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $111.51 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The firm’s fifty day simple moving average is $109.28 and its 200-day simple moving average is $112.18. The stock has a market cap of $9.25 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. Analysts expect that Federal Realty Investment Trust will post 6.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FRT has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective 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, January 29th. Scotiabank lifted their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and a consensus price target of $124.17.

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.