Kingswood Wealth Advisors LLC Acquires Shares of 3,022 Federal Realty Investment Trust (NYSE:FRT)

Kingswood Wealth Advisors LLC bought a new position in Federal Realty Investment Trust (NYSE:FRT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,022 shares of the real estate investment trust’s stock, valued at approximately $338,000.

A number of other hedge funds have also recently modified their holdings of the stock. NBC Securities Inc. grew its stake in shares of Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the period. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust during the third quarter worth $36,000. Eastern Bank acquired a new stake in Federal Realty Investment Trust during the third quarter valued at $52,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Federal Realty Investment Trust by 2,475.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 594 shares in the last quarter. Finally, CWM LLC raised its position in shares of Federal Realty Investment Trust by 10.9% in the third quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Scotiabank lifted their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.17.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $108.65 on Friday. The firm’s 50-day moving average is $110.20 and its two-hundred day moving average is $112.11. The company has a market capitalization of $9.01 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34.

Federal Realty Investment Trust Company Profile

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.