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 $18.88 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 $6.53 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 Friday, Federal Realty Investment Trust. [NYSE:FRT] saw its stock fall -0.01% to $99.74. Over the last five days, the stock has gained 0.05%. Federal Realty Investment Trust. shares have fallen nearly -3.21% since the year began. Nevertheless, the stocks have risen 2.79% 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 $100.53, while 200 days put it at $98.06. A total of 0.83 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For FRT Stock
The 24-hour chart illustrates a support level at 99.24, which if violated will result in even more drops to 98.74. On the upside, there is a resistance level at 100.17. A further resistance level may holdings at 100.60. The Relative Strength Index (RSI) on the 14-day chart is 47.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.70%. Stochastics %K at 21.70% indicates the stock is a holding.
