Waterfront Capital Partners LLC decreased its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 77.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,521 shares of the real estate investment trust's stock after selling 280,641 shares during the quarter. Federal Realty Investment Trust makes up about 1.3% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 26th largest position. Waterfront Capital Partners LLC owned approximately 0.10% of Federal Realty Investment Trust worth $9,602,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in FRT. NBC Securities Inc. raised its holdings in shares of Federal Realty Investment Trust by 81.7% in the third 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 during the last quarter. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust in the second quarter worth about $33,000. Blue Trust Inc. lifted its position in shares of Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at approximately $42,000. Institutional investors own 93.86% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on FRT. Compass Point upped their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Mizuho boosted their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. Citigroup raised shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and raised their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Evercore ISI boosted their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $123.38.
Check Out Our Latest Research Report on FRT
Insider Buying and Selling
In related news, CEO Donald C. Wood sold 5,937 shares of the company's stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.
Federal Realty Investment Trust Trading Down 0.7 %
Shares of FRT stock traded down $0.81 on Friday, hitting $116.72. The stock had a trading volume of 349,159 shares, compared to its average volume of 628,448. Federal Realty Investment Trust has a twelve month low of $94.24 and a twelve month high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The firm has a market cap of $9.68 billion, a P/E ratio of 33.93, a PEG ratio of 2.33 and a beta of 1.24. The company has a fifty day moving average price of $113.43 and a two-hundred day moving average price of $109.46.
Federal Realty Investment Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.77%. Federal Realty Investment Trust's dividend payout ratio is presently 127.91%.
Federal Realty Investment Trust Company Profile
(
Free Report)
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.
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