In a filing, Federal Realty Investment Trust revealed its President and COO BERKES JEFFREY S unloaded Company’s shares for reported $2.12 million on Sep 18 ’24. In the deal valued at $115.73 per share,18,353 shares were sold. As a result of this transaction, BERKES JEFFREY S now holds 53,068 shares worth roughly $6.06 million.
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Then, Jeffrey Berkes bought 18,353 shares, generating $2,122,157 in total proceeds.
Before that, WOOD DONALD C sold 30,292 shares. Federal Realty Investment Trust shares valued at $3,519,092 were divested by the Chief Executive Officer at a price of $116.17 per share. As a result of the transaction, WOOD DONALD C now holds 6,637 shares, worth roughly $0.76 million.
Citigroup upgraded its Federal Realty Investment Trust [FRT] rating to a Buy from a a Neutral in a research note published on September 13, 2024; the price target was increased to $135 from $120. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late April from “a Hold” to “a Buy”. Wells Fargo also remained covering FRT and has increased its forecast on February 29, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated FRT as “a Hold”.
Price Performance Review of FRT
On Monday, Federal Realty Investment Trust [NYSE:FRT] saw its stock fall -2.06% to $114.25. Over the last five days, the stock has lost -0.53%. Federal Realty Investment Trust shares have risen nearly 10.87% since the year began. Nevertheless, the stocks have risen 19.52% over the past one year. While a 52-week high of $118.34 was reached on 09/16/24, a 52-week low of $94.24 was recorded on 04/16/24. SMA at 50 days reached $113.37, while 200 days put it at $106.95.
Levels Of Support And Resistance For FRT Stock
The 24-hour chart illustrates a support level at 113.19, which if violated will result in even more drops to 112.14. On the upside, there is a resistance level at 115.85. A further resistance level may holdings at 117.46. The Relative Strength Index (RSI) on the 14-day chart is 50.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.66%. Stochastics %K at 74.69% 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 2024-11-15, growing by 0.68 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.63 million shares. There was a rise of 29.28%, which implies that there is a positive sentiment for the stock.
