Fmr LLC Purchases 498,146 Shares of Federal Realty Investment Trust (NYSE:FRT)

FMR LLC lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 667.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,809 shares of the real estate investment trust's stock after acquiring an additional 498,146 shares during the period. FMR LLC owned approximately 0.69% of Federal Realty Investment Trust worth $65,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. grew its position in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 107 shares during the period. Family Firm Inc. bought a new stake in Federal Realty Investment Trust in the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its position in Federal Realty Investment Trust by 885.7% in the 2nd 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 during the period. Rothschild Investment LLC bought a new stake in Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. Finally, Eastern Bank purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at $52,000. Institutional investors own 93.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FRT shares. Mizuho lifted their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Compass Point lifted their target price 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. Evercore ISI lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Finally, Scotiabank lifted 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.38.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock traded up $0.28 during trading hours on Friday, reaching $113.89. The company's stock had a trading volume of 314,201 shares, compared to its average volume of 658,758. The firm has a 50 day moving average price of $113.37 and a 200-day moving average price of $109.86. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. 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 cap of $9.45 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.17 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.86%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 127.91%.

About Federal Realty Investment Trust

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.