Geode Capital Management LLC Increases Holdings in Federal Realty Investment Trust (NYSE:FRT)

Geode Capital Management LLC grew its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,956,097 shares of the real estate investment trust's stock after acquiring an additional 7,160 shares during the quarter. Geode Capital Management LLC owned about 2.36% of Federal Realty Investment Trust worth $224,565,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of Federal Realty Investment Trust by 1.5% in the third quarter. M&T Bank Corp now owns 9,771 shares of the real estate investment trust's stock valued at $1,123,000 after purchasing an additional 149 shares during the last quarter. Barclays PLC grew its holdings in Federal Realty Investment Trust by 3.4% in the 3rd quarter. Barclays PLC now owns 132,497 shares of the real estate investment trust's stock valued at $15,232,000 after buying an additional 4,324 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Federal Realty Investment Trust by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 426,281 shares of the real estate investment trust's stock worth $49,010,000 after acquiring an additional 3,995 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Federal Realty Investment Trust by 201.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 31,287 shares of the real estate investment trust's stock worth $3,597,000 after acquiring an additional 20,924 shares during the period. Finally, Zimmer Partners LP acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $2,874,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Up 0.7 %

FRT traded up $0.77 on Friday, hitting $114.25. 486,908 shares of the company were exchanged, compared to its average volume of 624,299. The firm has a 50-day moving average price of $113.46 and a two-hundred day moving average price of $110.53. 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 twelve month low of $95.97 and a twelve month high of $118.34. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is presently 127.91%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho raised their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price target on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Citigroup upgraded Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and upped their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. StockNews.com cut Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Finally, Scotiabank upped their price target on 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

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.