Exchange Traded Concepts LLC Decreases Holdings in Federal Realty Investment Trust (NYSE:FRT)

Exchange Traded Concepts LLC lowered its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 63.7% in the fourth quarter, Holdings Channel reports. The firm owned 715 shares of the real estate investment trust’s stock after selling 1,252 shares during the period. Exchange Traded Concepts LLC’s holdings in Federal Realty Investment Trust were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC increased its stake in Federal Realty Investment Trust by 1,463.8% during the 3rd quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after buying an additional 572,008 shares in the last quarter. FMR LLC increased its position in shares of Federal Realty Investment Trust by 667.2% during the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock worth $65,856,000 after purchasing an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Federal Realty Investment Trust by 456.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after purchasing an additional 496,129 shares during the last quarter. Wellington Management Group LLP purchased a new position in Federal Realty Investment Trust in the 3rd quarter valued at $26,548,000. Finally, JPMorgan Chase & Co. boosted its stake in Federal Realty Investment Trust by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FRT shares. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and increased their target price for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Wells Fargo & Company cut 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 report on Wednesday. StockNews.com cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Friday. Finally, Scotiabank upped their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. One 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.17.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $108.65 on Friday. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The stock’s fifty day moving average is $110.20 and its two-hundred day moving average is $112.13. The company has a market capitalization of $9.01 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.97 and a beta of 1.25. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48.

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.