New York Life Investment Management LLC Grows Stock Position in Federal Realty Investment Trust (NYSE:FRT)

New York Life Investment Management LLC increased its position in shares of Federal Realty Investment Trust (NYSE:FRTFree Report) by 32.8% in the third quarter, HoldingsChannel.com reports. The firm owned 18,885 shares of the real estate investment trust’s stock after acquiring an additional 4,667 shares during the quarter. New York Life Investment Management LLC’s holdings in Federal Realty Investment Trust were worth $1,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Trillium Asset Management LLC grew its stake in shares of Federal Realty Investment Trust by 17.8% during the third quarter. Trillium Asset Management LLC now owns 18,152 shares of the real estate investment trust’s stock worth $1,645,000 after purchasing an additional 2,749 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Federal Realty Investment Trust by 9.4% during the third quarter. Metis Global Partners LLC now owns 5,812 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 499 shares in the last quarter. Barclays PLC grew its stake in shares of Federal Realty Investment Trust by 101.4% during the third quarter. Barclays PLC now owns 354,022 shares of the real estate investment trust’s stock worth $32,084,000 after purchasing an additional 178,285 shares in the last quarter. Jump Financial LLC purchased a new stake in Federal Realty Investment Trust in the third quarter valued at $369,000. Finally, Arizona State Retirement System lifted its position in Federal Realty Investment Trust by 1.4% in the third quarter. Arizona State Retirement System now owns 20,889 shares of the real estate investment trust’s stock valued at $1,893,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

FRT has been the subject of a number of research reports. Evercore ISI raised shares of Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $104.00 to $108.00 in a research report on Monday, November 27th. Mizuho boosted their price target on shares of Federal Realty Investment Trust from $98.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Piper Sandler boosted their price target on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Truist Financial raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $108.00 to $117.00 in a research report on Tuesday, January 16th. Finally, Barclays upped their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.27.

Get Our Latest Report on FRT

Insider Transactions at Federal Realty Investment Trust

In other news, COO Jeffrey S. Berkes sold 4,870 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.86, for a total transaction of $461,968.20. Following the transaction, the chief operating officer now directly owns 65,470 shares in the company, valued at $6,210,484.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Federal Realty Investment Trust news, COO Jeffrey S. Berkes sold 4,870 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.86, for a total transaction of $461,968.20. Following the transaction, the chief operating officer now directly owns 65,470 shares in the company, valued at $6,210,484.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Donald C. Wood sold 345 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $99.91, for a total transaction of $34,468.95. Following the transaction, the chief executive officer now owns 209,259 shares in the company, valued at $20,907,066.69. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.9 %

Shares of Federal Realty Investment Trust stock opened at $101.66 on Wednesday. Federal Realty Investment Trust has a 52-week low of $85.27 and a 52-week high of $112.58. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.61. The company’s 50-day simple moving average is $101.98 and its 200-day simple moving average is $97.25. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.34 and a beta of 1.23.

Federal Realty Investment Trust Company Profile

(Free Report)

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

See Also

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRTFree Report).

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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