Verition Fund Management LLC Cuts Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Verition Fund Management LLC decreased its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,024 shares of the real estate investment trust's stock after selling 10,317 shares during the period. Verition Fund Management LLC owned 0.09% of Federal Realty Investment Trust worth $8,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. increased its stake in shares of 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 worth $64,868,000 after acquiring an additional 546,711 shares in the last quarter. FMR LLC grew its holdings in Federal Realty Investment Trust by 667.2% in the third 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 grew its holdings in Federal Realty Investment Trust by 456.2% in the third 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 shares of Federal Realty Investment Trust by 304.0% during 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 purchasing an additional 312,726 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Federal Realty Investment Trust by 65.7% during the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust's stock valued at $27,598,000 after purchasing an additional 95,185 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT traded down $2.40 on Monday, reaching $114.25. The company's stock had a trading volume of 588,553 shares, compared to its average volume of 628,314. The stock's 50 day simple moving average is $113.43 and its two-hundred day simple moving average 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. The stock has a market capitalization of $9.48 billion, a P/E ratio of 33.21, a PEG ratio of 2.32 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The firm 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. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is presently 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 at the SEC website. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Compass Point upped their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Evercore ISI raised their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Wells Fargo & Company upped their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and raised their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Raymond James upped their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

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.