Federal Realty Investment Trust.’s recently made public that its Chief Executive Officer WOOD DONALD C unloaded Company’s shares for reported $1.97 million on Dec 05 ’23. In the deal valued at $98.73 per share,20,000 shares were sold. As a result of this transaction, WOOD DONALD C now holds 189,259 shares worth roughly $19.47 million.
Then, WOOD DONALD C sold 345 shares, generating $34,470 in total proceeds. Upon selling the shares at $99.91, the Chief Executive Officer now owns 209,259 shares.
Before that, BERKES JEFFREY S sold 4,870 shares. Federal Realty Investment Trust. shares valued at $461,968 were divested by the President and COO at a price of $94.86 per share. As a result of the transaction, BERKES JEFFREY S now holds 65,470 shares, worth roughly $6.74 million.
Wells Fargo upgraded its Federal Realty Investment Trust. [FRT] rating to an Overweight from a an Equal weight in a research note published on February 29, 2024; the price target was increased to $112 from $110. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Hold”‘ rating. Truist also remained covering FRT and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Evercore ISI revised its rating on November 27, 2023. It rated FRT as “an Outperform” which previously was an “an In-line”.
Price Performance Review of FRT
On Tuesday, Federal Realty Investment Trust. [NYSE:FRT] saw its stock jump 1.84% to $102.90. Over the last five days, the stock has gained 3.11%. Federal Realty Investment Trust. shares have fallen nearly -0.15% since the year began. Nevertheless, the stocks have risen 5.28% over the past one year. While a 52-week high of $107.61 was reached on 01/02/24, a 52-week low of $85.27 was recorded on 02/28/24. SMA at 50 days reached $100.73, while 200 days put it at $97.94. A total of 0.64 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For FRT Stock
The 24-hour chart illustrates a support level at 101.49, which if violated will result in even more drops to 100.08. On the upside, there is a resistance level at 103.61. A further resistance level may holdings at 104.32. The Relative Strength Index (RSI) on the 14-day chart is 58.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.53%. Stochastics %K at 55.41% indicates the stock is a holding.
How much short interest is there in Federal Realty Investment Trust.?
A steep rise in short interest was recorded in Federal Realty Investment Trust. stocks on Mar 15, 2024, growing by 70000.0 shares to a total of 1.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.75 million shares. There was a rise of 3.85%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.74.
