8,063 Shares in Federal Realty Investment Trust $FRT Bought by Savant Capital LLC

Savant Capital LLC acquired a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,063 shares of the real estate investment trust’s stock, valued at approximately $817,000.

A number of other institutional investors have also added to or reduced their stakes in FRT. Norges Bank bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at about $690,507,000. Rakuten Investment Management Inc. bought a new position in shares of Federal Realty Investment Trust in the third quarter worth approximately $51,156,000. GRS Advisors LLC purchased a new stake in Federal Realty Investment Trust in the second quarter valued at approximately $47,517,000. Resolution Capital Ltd lifted its position in Federal Realty Investment Trust by 11.8% during the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock valued at $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its stake in Federal Realty Investment Trust by 1,816.7% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 296,392 shares of the real estate investment trust’s stock worth $28,154,000 after buying an additional 280,928 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FRT has been the topic of several research reports. Wells Fargo & Company began coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective on the stock. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $107.00 to $114.00 in a research report on Thursday, December 18th. Barclays reiterated a “positive” rating and issued a $107.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, January 13th. Evercore decreased their price objective on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. Finally, UBS Group set a $113.00 target price on Federal Realty Investment Trust in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average price target of $110.30.

Federal Realty Investment Trust Trading Down 0.6%

NYSE FRT opened at $107.01 on Thursday. The firm has a market cap of $9.23 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 4.64 and a beta of 1.02. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $111.82. The stock has a 50-day moving average of $101.46 and a 200-day moving average of $99.00. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.52.

About Federal Realty Investment Trust

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.