Principal Financial Group Inc. Purchases 7,501 Shares of Federal Realty Investment Trust (NYSE:FRT)

Principal Financial Group Inc. lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,306 shares of the real estate investment trust's stock after buying an additional 7,501 shares during the period. Principal Financial Group Inc. owned about 0.11% of Federal Realty Investment Trust worth $10,727,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meridian Wealth Management LLC acquired a new position in Federal Realty Investment Trust during the third quarter valued at approximately $1,322,000. Edgestream Partners L.P. bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $1,981,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Federal Realty Investment Trust by 2,190.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust's stock valued at $520,000 after buying an additional 4,928 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Federal Realty Investment Trust by 45.3% in the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust's stock valued at $373,000 after buying an additional 1,012 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in Federal Realty Investment Trust during the third quarter worth $747,000. Institutional investors own 93.86% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on FRT shares. Compass Point increased their price target 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. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $122.00 to $125.00 in a research report on Friday, December 20th. Evercore ISI raised their price objective 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. Finally, StockNews.com lowered Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.62.

Federal Realty Investment Trust Stock Performance

NYSE FRT traded down $0.51 during trading on Monday, reaching $110.92. The company's stock had a trading volume of 382,654 shares, compared to its average volume of 624,499. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The firm has a 50 day moving average price of $113.47 and a 200 day moving average price of $111.39. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.14 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 Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.97%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 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.