Federal Realty Investment Trust’s recently made public that 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 $5.48 million.
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 $0.69 million.
JP Morgan upgraded its Federal Realty Investment Trust [FRT] rating to an Overweight from a a Neutral in a research note published on December 20, 2024; the price target was increased to $125 from $122. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. Deutsche Bank also remained covering FRT and has increased its forecast on April 22, 2024 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on February 29, 2024. It rated FRT as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of FRT
On Monday, Federal Realty Investment Trust [NYSE:FRT] saw its stock jump 1.54% to $103.22. Over the last five days, the stock has lost -5.85%. Federal Realty Investment Trust shares have fallen nearly -7.80% since the year began. Nevertheless, the stocks have fallen -0.03% over the past one year. While a 52-week high of $118.34 was reached on 01/02/25, a 52-week low of $95.97 was recorded on 01/13/25. SMA at 50 days reached $112.27, while 200 days put it at $108.39.
Levels Of Support And Resistance For FRT Stock
The 24-hour chart illustrates a support level at 101.92, which if violated will result in even more drops to 100.62. On the upside, there is a resistance level at 103.93. A further resistance level may holdings at 104.64. The Relative Strength Index (RSI) on the 14-day chart is 30.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.98%. Stochastics %K at 8.36% indicates the stock is a buying.
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 2024-12-13, growing by 0.17 million shares to a total of 2.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.31 million shares. There was a rise of 6.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $109 price target.
