BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $9.37 Million Position in Federal Realty Investment Trust (NYSE:FRT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 14.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,935 shares of the real estate investment trust's stock after buying an additional 10,456 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.10% of Federal Realty Investment Trust worth $9,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 buying an additional 19,453 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $5,865,000. Cetera Investment Advisers lifted its position in shares of Federal Realty Investment Trust by 274.5% during the 1st quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust's stock worth $2,217,000 after purchasing an additional 15,914 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust's stock worth $10,727,000 after purchasing an additional 7,501 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth $1,981,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Insider Buying and Selling at Federal Realty Investment Trust

In other 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 transaction of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FRT has been the topic of several research analyst reports. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating on the stock in a research note on Friday, October 11th. Piper Sandler lifted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their price objective 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. Mizuho upped their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock traded up $0.46 during trading hours on Friday, reaching $114.86. The stock had a trading volume of 511,632 shares, compared to its average volume of 748,254. 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 has a twelve month low of $91.40 and a twelve month high of $118.34. The firm has a 50-day simple moving average of $113.27 and a 200-day simple moving average of $109.05. The firm has a market capitalization of $9.53 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 yield of 3.83%. Federal Realty Investment Trust's payout ratio is 127.91%.

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.