Jump Financial LLC Invests $369,000 in Federal Realty Investment Trust (NYSE:FRT)

Jump Financial LLC purchased a new position in Federal Realty Investment Trust (NYSE:FRTFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,073 shares of the real estate investment trust’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Federal Realty Investment Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 20,889 shares of the real estate investment trust’s stock worth $1,893,000 after buying an additional 284 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Federal Realty Investment Trust by 12.7% during the third quarter. Wealthspire Advisors LLC now owns 5,475 shares of the real estate investment trust’s stock valued at $497,000 after buying an additional 619 shares during the period. Donoghue Forlines LLC purchased a new stake in shares of Federal Realty Investment Trust in the third quarter valued at approximately $374,000. Victory Capital Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 2.0% in the third quarter. Victory Capital Management Inc. now owns 265,299 shares of the real estate investment trust’s stock valued at $24,044,000 after purchasing an additional 5,160 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 14.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 335,169 shares of the real estate investment trust’s stock valued at $30,376,000 after purchasing an additional 42,235 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 345 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.91, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Jeffrey S. Berkes sold 4,870 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $94.86, for a total transaction of $461,968.20. Following the completion of the transaction, the chief operating officer now owns 65,470 shares in the company, valued at $6,210,484.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Donald C. Wood sold 345 shares of the business’s 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 transaction, the chief executive officer now owns 209,259 shares of the company’s stock, valued at approximately $20,907,066.69. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.4 %

FRT stock opened at $100.72 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.61. The business’s 50-day moving average is $102.32 and its 200 day moving average is $97.22. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $112.58. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 3.38 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRTGet Free Report) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. Federal Realty Investment Trust had a net margin of 25.76% and a return on equity of 10.18%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.56 EPS for the current fiscal year.

Analyst Ratings Changes

FRT has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $109.00 price objective for the company. Piper Sandler boosted 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 note on Wednesday, December 20th. Truist Financial raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $108.00 to $117.00 in a research report on Tuesday, January 16th. Finally, Evercore ISI raised Federal Realty Investment Trust from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $104.00 to $108.00 in a research report on Monday, November 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $111.67.

View Our Latest Stock Report on Federal Realty Investment Trust

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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