Federal Realty Investment Trust (NYSE:FRT) Sees Large Growth in Short Interest

Federal Realty Investment Trust (NYSE:FRT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,639,034 shares, a growth of 22.1% from the December 31st total of 2,160,703 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 675,035 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily trading volume, of 675,035 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently added to or reduced their stakes in FRT. Turning Point Benefit Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares in the last quarter. True Wealth Design LLC increased its holdings in Federal Realty Investment Trust by 88.7% in the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares during the last quarter. Hilltop National Bank bought a new stake in Federal Realty Investment Trust in the 2nd quarter valued at $28,000. Spire Wealth Management lifted its stake in Federal Realty Investment Trust by 365.3% in the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 263 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $103.55 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.52. The business’s 50-day simple moving average is $100.66 and its two-hundred day simple moving average is $98.61. The stock has a market cap of $8.93 billion, a PE ratio of 26.28, a P/E/G ratio of 4.33 and a beta of 1.02. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $111.82.

Analyst Ratings Changes

Several research analysts have weighed in on FRT shares. Wells Fargo & Company initiated coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $113.00 price target on the stock. Barclays reaffirmed a “positive” rating and issued a $107.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, January 13th. Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Truist Financial upped their price target on Federal Realty Investment Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.30.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.