New York Life Investment Management LLC Purchases 4,667 Shares of Federal Realty Investment Trust (NYSE:FRT)

New York Life Investment Management LLC boosted its position in shares of Federal Realty Investment Trust (NYSE:FRTFree Report) by 32.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,885 shares of the real estate investment trust’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its position in shares of Federal Realty Investment Trust by 237.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 237 shares during the period. Penserra Capital Management LLC bought a new stake in Federal Realty Investment Trust in the 2nd quarter valued at $45,000. EverSource Wealth Advisors LLC raised its stake in Federal Realty Investment Trust by 29.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 504 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 114 shares during the period. Parkside Financial Bank & Trust bought a new stake in Federal Realty Investment Trust in the 1st quarter valued at $60,000. Finally, CWM LLC raised its stake in Federal Realty Investment Trust by 15.0% in the 3rd quarter. CWM LLC now owns 1,053 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 137 shares during the period. 87.92% of the stock is owned by institutional investors.

Insider Activity at Federal Realty Investment Trust

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

Federal Realty Investment Trust Stock Performance

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FRT shares. Wells Fargo & Company lowered their price objective on Federal Realty Investment Trust from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, November 13th. Barclays increased their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Evercore ISI upgraded Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $104.00 to $108.00 in a research report on Monday, November 27th. Truist Financial upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $108.00 to $117.00 in a research report on Tuesday, January 16th. Finally, Mizuho increased their price objective on Federal Realty Investment Trust from $98.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

Read Our Latest Analysis on Federal Realty Investment Trust

About Federal Realty Investment Trust

(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

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

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