Rush Island Management LP Lowers Position in Federal Realty Investment Trust (NYSE:FRT)

Rush Island Management LP lessened its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 37.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,006,614 shares of the real estate investment trust's stock after selling 601,830 shares during the quarter. Federal Realty Investment Trust comprises 8.9% of Rush Island Management LP's portfolio, making the stock its 4th biggest holding. Rush Island Management LP owned approximately 1.21% of Federal Realty Investment Trust worth $115,730,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. raised its position in shares of 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 valued at $27,000 after buying an additional 107 shares in the last quarter. Family Firm Inc. purchased a new stake in Federal Realty Investment Trust during the second quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake in shares of 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 valued at $35,000 after purchasing an additional 310 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Federal Realty Investment Trust in the 3rd quarter worth approximately $36,000. Finally, Rothschild Investment LLC purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Trading Down 0.1 %

FRT traded down $0.16 during trading on Thursday, hitting $113.60. 395,879 shares of the stock were exchanged, compared to its average volume of 627,165. 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 firm has a 50 day simple moving average of $113.38 and a 200 day simple moving average of $109.77. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 2.26 and a beta of 1.24. Federal Realty Investment Trust has a 1 year low of $95.97 and a 1 year high of $118.34.

Federal Realty Investment Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FRT shares. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Wells Fargo & Company raised their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Mizuho increased their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Finally, Evercore ISI boosted their target price on 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.38.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust 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.