Federal Realty Investment Trust $FRT Holdings Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 30.8% in the 3rd quarter, Holdings Channel reports. The fund owned 75,232 shares of the real estate investment trust’s stock after selling 33,460 shares during the period. Allianz Asset Management GmbH’s holdings in Federal Realty Investment Trust were worth $7,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FRT. Jones Financial Companies Lllp lifted its position in shares of Federal Realty Investment Trust by 21.5% in the first quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 514 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Federal Realty Investment Trust by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after buying an additional 184,557 shares during the period. Empowered Funds LLC lifted its position in Federal Realty Investment Trust by 12.5% in the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 355 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Federal Realty Investment Trust by 11.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 16,600 shares of the real estate investment trust’s stock valued at $1,577,000 after buying an additional 1,700 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $355,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group set a $113.00 price objective on Federal Realty Investment Trust in a report on Wednesday, January 14th. Wall Street Zen upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Truist Financial boosted their price target on Federal Realty Investment Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Evercore cut their price objective on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Finally, Stifel Nicolaus set a $109.50 target price on shares of Federal Realty Investment Trust in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.30.

Federal Realty Investment Trust Stock Performance

FRT opened at $106.07 on Tuesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $9.15 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 4.56 and a beta of 1.02. The stock has a 50-day moving average of $101.08 and a 200-day moving average of $98.85. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $111.82.

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.