Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,000 shares of the real estate investment trust's stock after selling 50,626 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Federal Realty Investment Trust worth $8,060,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of FRT. NBC Securities Inc. raised its position in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth approximately $36,000. Eastern Bank acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. raised 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 valued at $71,000 after acquiring an additional 594 shares in the last quarter. Finally, CWM LLC boosted its position in 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 owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Wells Fargo & Company cut 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 note on Wednesday, January 29th. StockNews.com lowered shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.17.
Read Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
NYSE FRT traded up $1.87 on Wednesday, hitting $110.00. 649,542 shares of the company's stock traded hands, compared to its average volume of 689,393. The firm has a market capitalization of $9.12 billion, a PE ratio of 31.98, a P/E/G ratio of 2.00 and a beta of 1.24. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34. The firm's 50-day moving average price is $109.74 and its two-hundred day moving average price is $112.11. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.
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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