Centiva Capital LP Has $1.76 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Centiva Capital LP trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 53.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,326 shares of the real estate investment trust's stock after selling 17,624 shares during the period. Centiva Capital LP's holdings in Federal Realty Investment Trust were worth $1,762,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. lifted its position in Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock worth $64,868,000 after acquiring an additional 546,711 shares during the last quarter. FMR LLC increased its holdings in shares of Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock worth $65,856,000 after purchasing an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Federal Realty Investment Trust by 456.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust's stock worth $69,544,000 after purchasing an additional 496,129 shares during the period. Millennium Management LLC increased its stake in Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust's stock valued at $41,963,000 after acquiring an additional 312,726 shares during the period. Finally, Citigroup Inc. increased its stake in Federal Realty Investment Trust by 65.7% in the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust's stock valued at $27,598,000 after acquiring an additional 95,185 shares during the period. Institutional investors and hedge funds own 93.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FRT shares. Compass Point upped their target price on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Truist Financial increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and increased their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. Evercore ISI increased their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Finally, Mizuho increased their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and an average target price of $123.38.

Federal Realty Investment Trust Stock Up 0.0 %

Shares of FRT stock traded up $0.05 during trading hours on Wednesday, hitting $113.74. 619,948 shares of the company were exchanged, compared to its average volume of 628,154. The business has a 50 day moving average of $113.38 and a two-hundred day moving average of $109.75. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a market capitalization of $9.43 billion, a PE ratio of 33.06, a PEG ratio of 2.27 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

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.