State of Alaska Department of Revenue Purchases 1,365 Shares of Federal Realty Investment Trust (NYSE:FRT)

State of Alaska Department of Revenue increased its position in Federal Realty Investment Trust (NYSE:FRT) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,442 shares of the real estate investment trust’s stock after buying an additional 1,365 shares during the period. State of Alaska Department of Revenue owned 0.06% of Federal Realty Investment Trust worth $5,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust during the third quarter worth $36,000. Eastern Bank bought a new position in Federal Realty Investment Trust during the third quarter valued at about $52,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Federal Realty Investment Trust by 2,475.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 594 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Federal Realty Investment Trust by 10.9% during the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $124.17.

Federal Realty Investment Trust Trading Up 0.3 %

Federal Realty Investment Trust stock opened at $111.01 on Friday. The business has a 50 day moving average price of $109.60 and a two-hundred day moving average price of $112.10. 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 12 month low of $95.97 and a 12 month high of $118.34. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

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.