PFG Investments LLC Sells 1,193 Shares of Federal Realty Investment Trust (NYSE:FRT)

PFG Investments LLC lessened its holdings in Federal Realty Investment Trust (NYSE:FRT) by 19.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,043 shares of the real estate investment trust’s stock after selling 1,193 shares during the period. PFG Investments LLC’s holdings in Federal Realty Investment Trust were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after buying an additional 168,885 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after purchasing an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter worth $1,322,000. Sanctuary Advisors LLC raised its stake in shares of Federal Realty Investment Trust by 45.3% in the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 1,012 shares during the period. Finally, Benjamin Edwards Inc. purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $747,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 1.2 %

Shares of FRT opened at $107.39 on Thursday. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The company’s fifty day moving average is $110.45 and its 200 day moving average is $112.12. The stock has a market capitalization of $8.91 billion, a PE ratio of 31.22, a P/E/G ratio of 1.92 and a beta of 1.25.

Analyst Ratings Changes

A number of equities research analysts have commented on FRT shares. Wells Fargo & Company decreased their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Scotiabank increased their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.17.

About Federal Realty Investment Trust

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.