Davis Selected Advisers Increases Position in Federal Realty Investment Trust (NYSE:FRT)

Davis Selected Advisers boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRTFree Report) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,200 shares of the real estate investment trust’s stock after acquiring an additional 1,700 shares during the quarter. Davis Selected Advisers’ holdings in Federal Realty Investment Trust were worth $4,912,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Federal Realty Investment Trust during the first quarter valued at about $1,481,079,000. State Street Corp boosted its holdings in Federal Realty Investment Trust by 2.6% in the second quarter. State Street Corp now owns 9,640,944 shares of the real estate investment trust’s stock valued at $943,138,000 after acquiring an additional 247,795 shares during the last quarter. BlackRock Inc. grew its stake in shares of Federal Realty Investment Trust by 3.5% during the second quarter. BlackRock Inc. now owns 8,091,578 shares of the real estate investment trust’s stock worth $783,022,000 after purchasing an additional 274,261 shares during the period. Norges Bank acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $728,764,000. Finally, JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 7.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,207,494 shares of the real estate investment trust’s stock valued at $407,159,000 after purchasing an additional 300,329 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 345 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $99.91, for a total transaction of $34,468.95. Following the completion of the transaction, the chief executive officer now directly owns 209,259 shares of the company’s stock, valued at $20,907,066.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Jeffrey S. Berkes sold 4,870 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $94.86, for a total value of $461,968.20. Following the transaction, the chief operating officer now 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 SEC, which is available at the SEC website. Also, CEO Donald C. Wood sold 345 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $99.91, for a total transaction of $34,468.95. Following the completion of 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. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FRT shares. Wells Fargo & Company decreased their target price on shares of Federal Realty Investment Trust from $103.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, November 13th. Truist Financial upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $108.00 to $117.00 in a research report on Tuesday, January 16th. Mizuho boosted their price target on Federal Realty Investment Trust from $98.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Piper Sandler upped their price objective on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 20th. Finally, Evercore ISI raised Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $104.00 to $108.00 in a report on Monday, November 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Read Our Latest Stock Report on FRT

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $101.73 on Monday. The company has a fifty day moving average price of $102.30 and a 200-day moving average price of $97.22. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.43 and a quick ratio of 1.43. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $112.58. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 3.38 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.

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

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