Algert Global LLC lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 72.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,828 shares of the real estate investment trust's stock after acquiring an additional 18,780 shares during the quarter. Algert Global LLC owned approximately 0.05% of Federal Realty Investment Trust worth $5,154,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth $231,000. Price T Rowe Associates Inc. MD grew its holdings in Federal Realty Investment Trust by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust's stock worth $31,567,000 after acquiring an additional 19,453 shares in the last quarter. Tidal Investments LLC purchased a new position in Federal Realty Investment Trust during the 1st quarter valued at about $252,000. iA Global Asset Management Inc. raised its holdings in shares of Federal Realty Investment Trust by 19.5% in the 1st quarter. iA Global Asset Management Inc. now owns 2,221 shares of the real estate investment trust's stock valued at $227,000 after purchasing an additional 362 shares in the last quarter. Finally, Highlander Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust by 232.8% during the first quarter. Highlander Capital Management LLC now owns 832 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 582 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Mizuho lifted their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a "neutral" rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Piper Sandler raised their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Citigroup upgraded Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Compass Point increased their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.38.
Get Our Latest Stock Report on FRT
Insider Buying and Selling
In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
Federal Realty Investment Trust Stock Performance
Shares of Federal Realty Investment Trust stock traded up $1.12 during trading on Monday, hitting $115.98. 938,581 shares of the company's stock were exchanged, compared to its average volume of 630,225. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.19 and a beta of 1.24. The business has a 50-day simple moving average of $113.27 and a 200-day simple moving average of $109.05. Federal Realty Investment Trust has a 52-week low of $91.62 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56.
Federal Realty Investment Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio (DPR) is 127.91%.
About Federal Realty Investment Trust
(
Free Report)
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
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