NovaPoint Capital LLC Purchases 152 Shares of Federal Realty Investment Trust (NYSE:FRT)

NovaPoint Capital LLC raised its position in Federal Realty Investment Trust (NYSE:FRT) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 4,072 shares of the real estate investment trust’s stock after buying an additional 152 shares during the quarter. NovaPoint Capital LLC’s holdings in Federal Realty Investment Trust were worth $456,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. lifted 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 worth $27,000 after acquiring an additional 107 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth $36,000. Eastern Bank bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth $52,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Federal Realty Investment Trust by 2,475.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 594 shares during the last quarter. Finally, CWM LLC lifted its holdings 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 during the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

FRT stock opened at $110.00 on Thursday. The firm’s 50-day moving average price is $109.74 and its two-hundred day moving average price is $112.11. 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 capitalization of $9.12 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.00 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.

Analysts Set New Price Targets

FRT has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. StockNews.com downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. One research 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.17.

Federal Realty Investment Trust Profile

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.