New York State Common Retirement Fund Purchases 10,200 Shares of Federal Realty Investment Trust $FRT

New York State Common Retirement Fund grew its position in Federal Realty Investment Trust (NYSE:FRT) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,388 shares of the real estate investment trust’s stock after purchasing an additional 10,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Federal Realty Investment Trust worth $7,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in Federal Realty Investment Trust by 18.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 109 shares during the period. Ethic Inc. grew its holdings in Federal Realty Investment Trust by 3.3% during the 3rd quarter. Ethic Inc. now owns 3,987 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 126 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Federal Realty Investment Trust by 5.3% during the second quarter. Quadrant Capital Group LLC now owns 2,877 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 146 shares during the last quarter. Janney Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.9% in the third quarter. Janney Capital Management LLC now owns 5,820 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 165 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Federal Realty Investment Trust by 5.9% during the second quarter. Wealthspire Advisors LLC now owns 3,112 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 173 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $103.55 on Thursday. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 4.33 and a beta of 1.02. 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 stock has a 50 day moving average price of $100.66 and a 200-day moving average price of $98.61. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $111.82.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays reiterated a “positive” rating and issued a $107.00 price target on shares of Federal Realty Investment Trust in a report on Tuesday, January 13th. Jefferies Financial Group upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $101.00 to $115.00 in a research report on Monday, December 15th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $107.00 to $114.00 in a research report on Thursday, December 18th. Wells Fargo & Company assumed coverage on Federal Realty Investment Trust in a report on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price target for the company. Finally, Truist Financial lifted their price objective on Federal Realty Investment Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.30.

Federal Realty Investment Trust 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.