Federal Realty Investment Trust $FRT Stake Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 30.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,232 shares of the real estate investment trust’s stock after selling 33,460 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of Federal Realty Investment Trust worth $7,622,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FRT. Vanguard Group Inc. grew its stake in shares of Federal Realty Investment Trust by 1.9% in the second quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after purchasing an additional 244,854 shares in the last quarter. Norges Bank bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at about $690,507,000. State Street Corp increased its stake in Federal Realty Investment Trust by 2.8% during the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock valued at $624,903,000 after buying an additional 176,613 shares during the period. Resolution Capital Ltd raised its position in shares of Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after buying an additional 344,189 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Federal Realty Investment Trust by 3.1% in the 2nd quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock worth $257,700,000 after acquiring an additional 82,312 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on FRT shares. Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. UBS Group set a $113.00 price target on Federal Realty Investment Trust in a research report on Wednesday, January 14th. Scotiabank cut their price objective on Federal Realty Investment Trust from $114.00 to $113.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Mizuho set a $105.00 target price on Federal Realty Investment Trust in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $107.00 to $114.00 in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.30.

Federal Realty Investment Trust Stock Up 0.3%

Shares of Federal Realty Investment Trust stock opened at $106.07 on Tuesday. The stock’s fifty day moving average is $101.08 and its 200-day moving average is $98.85. The firm has a market capitalization of $9.15 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 4.56 and a beta of 1.02. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $111.82.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.