Savant Capital LLC Invests $817,000 in Federal Realty Investment Trust $FRT

Savant Capital LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,063 shares of the real estate investment trust’s stock, valued at approximately $817,000.

A number of other hedge funds also recently bought and sold shares of FRT. Truist Financial Corp boosted its position in shares of Federal Realty Investment Trust by 496.2% during the third quarter. Truist Financial Corp now owns 129,198 shares of the real estate investment trust’s stock valued at $13,089,000 after purchasing an additional 107,529 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in Federal Realty Investment Trust during the third quarter valued at $972,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Federal Realty Investment Trust by 173.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the real estate investment trust’s stock valued at $1,541,000 after buying an additional 10,021 shares in the last quarter. Ascent Group LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at $1,146,000. Finally, New York State Common Retirement Fund grew its position in shares of Federal Realty Investment Trust by 16.9% in the 3rd quarter. New York State Common Retirement Fund now owns 70,388 shares of the real estate investment trust’s stock worth $7,131,000 after buying an additional 10,200 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.6%

NYSE:FRT opened at $107.01 on Thursday. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 4.64 and a beta of 1.02. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. The company’s 50 day moving average price is $101.46 and its 200-day moving average price is $99.00. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $111.82.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of recent research reports. Barclays reissued a “positive” rating and set a $107.00 price target on shares of Federal Realty Investment Trust in a research report on Tuesday, January 13th. UBS Group set a $113.00 target price on shares of Federal Realty Investment Trust in a report on Wednesday, January 14th. Evercore cut their price target on Federal Realty Investment Trust from $106.00 to $105.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $107.00 to $114.00 in a research note on Thursday, December 18th. Finally, Jefferies Financial Group raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $101.00 to $115.00 in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $110.30.

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.