Bamco Inc. NY Cuts Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Bamco Inc. NY lowered its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,880 shares of the real estate investment trust's stock after selling 5,974 shares during the quarter. Bamco Inc. NY's holdings in Federal Realty Investment Trust were worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust's stock worth $201,355,000 after buying an additional 90,395 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Federal Realty Investment Trust by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust's stock worth $174,883,000 after purchasing an additional 36,880 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Federal Realty Investment Trust by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust's stock worth $143,473,000 after purchasing an additional 42,209 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Federal Realty Investment Trust by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust's stock worth $115,000,000 after purchasing an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in shares of 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 purchasing an additional 546,711 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of FRT traded up $0.05 during mid-day trading on Wednesday, reaching $113.74. 619,948 shares of the stock traded hands, compared to its average volume of 628,154. The firm has a fifty day moving average price of $113.40 and a 200 day moving average price of $109.72. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. 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 1 year low of $95.97 and a 1 year high of $118.34.

Federal Realty Investment Trust Dividend Announcement

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

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on 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 legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Truist Financial raised their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company 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 lifted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Compass Point lifted their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.