6,498 Shares in Federal Realty Investment Trust (NYSE:FRT) Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. purchased a new stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,498 shares of the real estate investment trust's stock, valued at approximately $747,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FRT. Massachusetts Financial Services Co. MA increased its stake in Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust's stock valued at $201,355,000 after purchasing an additional 90,395 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Federal Realty Investment Trust by 2.2% during the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust's stock valued at $174,883,000 after buying an additional 36,880 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Federal Realty Investment Trust by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust's stock worth $143,473,000 after acquiring an additional 42,209 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Federal Realty Investment Trust by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust's stock worth $115,000,000 after acquiring an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Federal Realty Investment Trust by 571.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock valued at $64,868,000 after acquiring an additional 546,711 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT traded up $0.28 on Friday, hitting $113.89. 314,201 shares of the stock traded hands, compared to its average volume of 658,758. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The business's fifty day moving average is $113.37 and its two-hundred day moving average is $109.92. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.17 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.86%. Federal Realty Investment Trust's payout ratio is 127.91%.

Insider Buying and Selling

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business's 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 legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FRT. Wells Fargo & Company raised their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Evercore ISI raised their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Citigroup raised shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, Truist Financial lifted their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.38.

Federal Realty Investment Trust Company Profile

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.