Pacer Advisors Inc. Buys 15,046 Shares of Federal Realty Investment Trust (NYSE:FRT)

Pacer Advisors Inc. raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 273.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,553 shares of the real estate investment trust’s stock after buying an additional 15,046 shares during the period. Pacer Advisors Inc.’s holdings in Federal Realty Investment Trust were worth $2,301,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FRT. JPMorgan Chase & Co. boosted its stake in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after purchasing an additional 168,885 shares during the period. Geode Capital Management LLC boosted its position in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after buying an additional 7,160 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Federal Realty Investment Trust by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock worth $143,473,000 after acquiring an additional 42,209 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Federal Realty Investment Trust by 1,463.8% during the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after acquiring an additional 572,008 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Federal Realty Investment Trust by 456.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after acquiring an additional 496,129 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $108.65 on Friday. The company has a 50 day moving average of $110.20 and a two-hundred day moving average of $112.11. 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 twelve month low of $95.97 and a twelve month high of $118.34. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised 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 note on Friday, December 20th. Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank increased their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.17.

About Federal Realty Investment Trust

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.