Cinctive Capital Management LP Makes New $2.26 Million Investment in Federal Realty Investment Trust (NYSE:FRT)

Cinctive Capital Management LP purchased a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,670 shares of the real estate investment trust's stock, valued at approximately $2,261,000.

A number of other institutional investors have also recently made changes to their positions in FRT. NBC Securities Inc. lifted its position in Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 107 shares during the period. Family Firm Inc. purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock worth $35,000 after buying an additional 310 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth $36,000. Finally, Rothschild Investment LLC purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Federal Realty Investment Trust Trading Down 0.5 %

FRT stock traded down $0.52 during midday trading on Tuesday, hitting $113.73. The stock had a trading volume of 236,440 shares, compared to its average volume of 626,456. 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 cap of $9.43 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. The company's 50-day moving average price is $113.43 and its 200 day moving average price is $109.64. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The firm 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 payout ratio is 127.91%.

Insider Activity

In other news, CEO Donald C. Wood sold 5,937 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FRT. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Scotiabank lifted their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Evercore ISI boosted their target price 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, JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus price target 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.