Is it smart to be bullish on Federal Realty Investment Trust (NYSE:FRT)?
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Now that that’s out of the way, it’s important to analyze the newest info for Federal Realty Investment Trust (NYSE:FRT).
How are hedge funds trading Federal Realty Investment Trust (NYSE:FRT)?
At the end of the second quarter, a total of 15 of the hedge funds we track were long in this stock, a change of 7% from the first quarter. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were upping their holdings considerably.
When using filings from the firms we track, AEW Capital Management had the biggest position in Federal Realty Investment Trust (NYSE:FRT), worth close to $135.9 million, accounting for 3.5% of its total 13F portfolio. Sitting at the No. 2 spot is D. E. Shaw of D E Shaw, with a $64.4 million position; 0.1% of its 13F portfolio is allocated to the company. Some other hedgies with similar optimism include Jim Simons’s Renaissance Technologies, Ken Griffin’s Citadel Investment Group and Dmitry Balyasny’s Balyasny Asset Management.
As industrywide interest increased, particular hedge funds have jumped into Federal Realty Investment Trust (NYSE:FRT) headfirst. AEW Capital Management created the largest position in Federal Realty Investment Trust (NYSE:FRT). AEW Capital Management had 135.9 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also made a $64.4 million investment in the stock during the quarter. The following funds were also among the new FRT investors: Jim Simons’s Renaissance Technologies, Ken Griffin’s Citadel Investment Group, and Dmitry Balyasny’s Balyasny Asset Management.
Insider trading activity in Federal Realty Investment Trust (NYSE:FRT)
Insider buying made by high-level executives is at its handiest when the company we’re looking at has seen transactions within the past 180 days. Over the last half-year time period, Federal Realty Investment Trust (NYSE:FRT) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Federal Realty Investment Trust (NYSE:FRT). These stocks are Kimco Realty Corp (NYSE:KIM), DDR Corp (NYSE:DDR), Macerich Co (NYSE:MAC), Realty Income Corp (NYSE:O), and SL Green Realty Corp (NYSE:SLG). This group of stocks belong to the reit – retail industry and their market caps match FRT’s market cap.
