GSA Capital Partners LLP Reduces Holdings in Federal Realty Investment Trust (NYSE:FRT)

GSA Capital Partners LLP cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 51.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,436 shares of the real estate investment trust's stock after selling 6,739 shares during the period. GSA Capital Partners LLP's holdings in Federal Realty Investment Trust were worth $740,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $1,437,000. Apollon Wealth Management LLC increased its position in shares of Federal Realty Investment Trust by 5.6% during the third quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust's stock valued at $359,000 after acquiring an additional 167 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Federal Realty Investment Trust by 1,244.6% during the third quarter. Los Angeles Capital Management LLC now owns 29,137 shares of the real estate investment trust's stock worth $3,350,000 after acquiring an additional 26,970 shares during the period. Sustainable Insight Capital Management LLC grew its position in Federal Realty Investment Trust by 80.8% during the third quarter. Sustainable Insight Capital Management LLC now owns 4,700 shares of the real estate investment trust's stock valued at $540,000 after buying an additional 2,100 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at approximately $226,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FRT shares. Raymond James lifted their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Citigroup raised shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and boosted their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Piper Sandler boosted 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. Finally, Scotiabank reduced their price target on Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating for the company in a research report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.85.

Insider Activity

In other news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 82.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $1.01 during midday trading on Monday, hitting $112.53. 673,202 shares of the company's stock were exchanged, compared to its average volume of 631,707. 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 business's fifty day moving average price is $113.58 and its two-hundred day moving average price is $108.67. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.14 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $90.84 and a 12-month high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust's payout ratio is 127.91%.

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.