abrdn plc lifted its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,573 shares of the real estate investment trust's stock after purchasing an additional 14,273 shares during the period. abrdn plc's holdings in Federal Realty Investment Trust were worth $4,303,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of FRT. JB Capital LLC raised its position in shares of Federal Realty Investment Trust by 8.5% in the fourth quarter. JB Capital LLC now owns 15,798 shares of the real estate investment trust's stock valued at $1,769,000 after purchasing an additional 1,238 shares during the period. Vert Asset Management LLC raised its holdings in Federal Realty Investment Trust by 12.3% in the 4th quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust's stock worth $3,697,000 after acquiring an additional 3,617 shares during the period. Pacer Advisors Inc. grew its holdings in Federal Realty Investment Trust by 273.2% in the 4th quarter. Pacer Advisors Inc. now owns 20,553 shares of the real estate investment trust's stock valued at $2,301,000 after buying an additional 15,046 shares during the last quarter. KBC Group NV grew its holdings in Federal Realty Investment Trust by 39.6% in the 4th quarter. KBC Group NV now owns 2,693 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 764 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 175 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.
Federal Realty Investment Trust Price Performance
Shares of Federal Realty Investment Trust stock traded up $0.96 during midday trading on Thursday, hitting $111.51. 884,325 shares of the company were exchanged, compared to its average volume of 689,456. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $9.25 billion, a P/E ratio of 32.42, a PEG ratio of 2.34 and a beta of 1.24. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The firm has a 50 day simple moving average of $109.28 and a 200-day simple moving average of $112.18.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 10.01% and a net margin of 24.67%. Research analysts forecast that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
FRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and raised their target price for the company from $122.00 to $125.00 in a report on Friday, December 20th. Scotiabank raised their target price on 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. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $124.17.
Check Out Our Latest Research Report on FRT
About Federal Realty Investment Trust
(
Free Report)
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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