NovaPoint Capital LLC Buys 152 Shares of Federal Realty Investment Trust (NYSE:FRT)

NovaPoint Capital LLC boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,072 shares of the real estate investment trust’s stock after acquiring an additional 152 shares during the quarter. NovaPoint Capital LLC’s holdings in Federal Realty Investment Trust were worth $456,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $36,000. Eastern Bank purchased a new stake in Federal Realty Investment Trust in the 3rd quarter valued at about $52,000. Whittier Trust Co. of Nevada Inc. increased its stake in Federal Realty Investment Trust by 2,475.0% in the 3rd 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 during the last quarter. Finally, CWM LLC increased its stake in Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 110 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 1.7 %

Federal Realty Investment Trust stock opened at $110.00 on Thursday. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 2.00 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a 50 day simple moving average of $109.74 and a 200 day simple moving average of $112.11.

Wall Street Analysts Forecast Growth

FRT has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company decreased 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 note on Wednesday, January 29th. Finally, StockNews.com lowered shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. One equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.