Sumitomo Mitsui DS Asset Management Company Ltd Acquires 911 Shares of Federal Realty Investment Trust (NYSE:FRT)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,665 shares of the real estate investment trust’s stock after buying an additional 911 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Federal Realty Investment Trust were worth $2,313,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

FRT has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company dropped their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, Scotiabank raised 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $124.17.

Federal Realty Investment Trust Price Performance

FRT opened at $109.81 on Tuesday. 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 company has a market cap of $9.11 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24. The stock has a fifty day simple moving average of $109.40 and a two-hundred day simple moving average of $112.18. 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.