Exxonmobil Investment Management Inc. TX Cuts Stake in Federal Realty Investment Trust (NYSE:FRT)

Exxonmobil Investment Management Inc. TX cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,535 shares of the real estate investment trust’s stock after selling 1,660 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Federal Realty Investment Trust were worth $1,532,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. boosted its holdings in Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 297 shares in the last quarter. Advisor Partners LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at approximately $203,000. Magnetar Financial LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at approximately $207,000. Timber Hill LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at approximately $215,000. Finally, Kemper Corp Master Retirement Trust boosted its holdings in Federal Realty Investment Trust by 1.4% in the second quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 25 shares in the last quarter. 94.34% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust (FRT) traded up $1.80 during trading on Friday, reaching $109.91. The company’s stock had a trading volume of 760,870 shares, compared to its average volume of 553,924. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $7,970.00, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.23. Federal Realty Investment Trust has a 12 month low of $106.64 and a 12 month high of $143.79.

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 9,900 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $132.44, for a total value of $1,311,156.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

FRT has been the subject of several research analyst reports. UBS Group raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $131.00 to $141.00 in a report on Thursday, November 9th. Boenning Scattergood reissued a “buy” rating and issued a $140.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Stifel Nicolaus initiated coverage on Federal Realty Investment Trust in a report on Thursday, November 30th. They issued a “buy” rating and a $144.00 price objective for the company. Mizuho reissued a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Finally, Wells Fargo & Co cut their price target on Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating for the company in a research note on Tuesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $140.83.

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About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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