Federal Realty Investment Trust (NYSE:FRT).
Lasalle Investment Management Securities LLC says it sold 340,977 shares in quarter ending 09/30/2017 decreasing its exposure to Federal Realty Investment Trust by 25.9%. Its investment was worth $121,156,000 a decrease of $45,222,000 as of quarter end.
Lasalle Investment Management Securities LLC isn’t the only one who has changed their investment in FRT. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS added to its ownership by buying 509 shares an increase of 9.5% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now controls 5,876 shares worth $730,000. The total value of its holdings increased 7.7%. As of quarter end Lasalle Investment Management Securities LLC had sold 340,977 shares trimming its position 25.9%. The value of the company’s investment in Federal Realty Investment Trust decreased from $166,378,000 to $121,156,000 a change of $45,222,000 quarter to quarter.
Lasalle Investment Management Securities LLC downsized its position by shedding 340,977 shares a decrease of 25.9%. Lasalle Investment Management Securities LLC owns 975,412 shares valued at $121,156,000. The value of the position overall is down by 27.2%. As of the end of the quarter Baird Financial Group, Inc. had disposed of a total of 1,205 shares trimming its holdings by 13.5%. The value of the total investment in Federal Realty Investment Trust went from $1,126,000 to $957,000 decreasing 15.0% since the last quarter.
Raymond James & Associates augmented its investment by buying 7,480 shares an increase of 84.2% from 06/30/2017 to 09/30/2017. Raymond James & Associates controls 16,359 shares with a value of $2,032,000. The total value of its holdings increased 81.1%.
November 3 investment analysts at Boenning Scattergood kept the stock rating at “Buy” projecting a price of $140.00. On November 3 Mizuho made no change to the stock rating of “Buy” targeting a price of $142.00.
On September 17, 2017 BMO Capital Markets issued a report on FRT giving it an initial rating of “Outperform”. Jefferies Group LLC lowered the price target on September 15 changing the forecast from $136.00 to $130.00 and issued a “Hold” recommendation.
Equity analyst BMO Capital Markets released research on FRT with a rating of “Outperform”.
The company is down by 0.24% percent from yesterday’s close. The company currently has a P/E ratio of 41.89 and the market cap of the company is 9.54B. As of the last earnings report the EPS was $3.14 with 72.55M shares now outstanding.
Short traders are feeling a little more bearish on the company lately if you watch the motion in short interest. The stock had a rise in short interest of 6.00% between October 13, 2017 and October 31, 2017. Short shares increased 225,375 over that period. The short-interest ratio decreased to 9.0 and the percentage of shorted shares was 0.05% on October 31.