Bull Harbor Capital LLC Takes $804,000 Position in Federal Realty Investment Trust $FRT

Bull Harbor Capital LLC acquired a new stake in Federal Realty Investment Trust (NYSE:FRT) during the first quarter, Holdings Channel.com reports. The firm acquired 7,569 shares of the real estate investment trust’s stock, valued at approximately $804,000.

Other large investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $25,000. Turning Point Benefit Group Inc. grew its stake in Federal Realty Investment Trust by 1,853.8% in the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares during the last quarter. Private Trust Co. NA grew its stake in Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. Advisory Services Network LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter worth $35,000. Finally, SJS Investment Consulting Inc. raised its holdings in Federal Realty Investment Trust by 72.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 152 shares during the period. Institutional investors own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. JPMorgan Chase & Co. lifted their price objective on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. UBS Group boosted their price objective on Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Wolfe Research started coverage on Federal Realty Investment Trust in a report on Wednesday, July 8th. They issued an “outperform” rating and a $143.00 target price on the stock. Finally, Citigroup lifted their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $124.06 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.99 and a beta of 0.93. The company’s fifty day moving average is $122.74 and its two-hundred day moving average is $112.86. Federal Realty Investment Trust has a 52-week low of $89.99 and a 52-week high of $128.21.

Federal Realty Investment Trust Company Profile

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.