Bull Harbor Capital LLC Purchases New Position in Federal Realty Investment Trust $FRT

Bull Harbor Capital LLC purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,569 shares of the real estate investment trust’s stock, valued at approximately $804,000.

A number of other large investors have also added to or reduced their stakes in FRT. M&T Bank Corp purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth about $4,472,000. UBS Group AG grew its stake in Federal Realty Investment Trust by 23.3% during the 4th quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust’s stock valued at $38,524,000 after acquiring an additional 72,293 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Federal Realty Investment Trust by 11.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust’s stock valued at $43,951,000 after acquiring an additional 43,685 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Federal Realty Investment Trust by 42,977.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 21,108 shares of the real estate investment trust’s stock valued at $2,128,000 after purchasing an additional 21,059 shares during the period. Finally, Oak Thistle LLC increased its holdings in shares of Federal Realty Investment Trust by 382.6% in the 4th quarter. Oak Thistle LLC now owns 23,756 shares of the real estate investment trust’s stock valued at $2,395,000 after purchasing an additional 18,834 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $124.06 on Friday. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 2.99 and a beta of 0.93. The company’s fifty day moving average is $122.74 and its 200-day moving average is $112.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 12 month low of $89.99 and a 12 month high of $128.21.

Analyst Ratings Changes

Several analysts recently commented on FRT shares. JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. UBS Group boosted their price target on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Citigroup upped their price target on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Truist Financial increased their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, June 5th. Finally, Scotiabank lifted their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

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.