Holocene Advisors LP bought a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 39,026 shares of the real estate investment trust's stock, valued at approximately $4,487,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cinctive Capital Management LP acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth about $2,261,000. Benjamin Edwards Inc. acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth about $747,000. Paloma Partners Management Co acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth about $241,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth about $522,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $404,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Evercore ISI raised 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 report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. 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. Wells Fargo & Company lifted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.
View Our Latest Report on FRT
Insider Buying and Selling
In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.
Federal Realty Investment Trust Price Performance
Shares of NYSE:FRT traded down $0.16 on Thursday, hitting $113.60. The stock had a trading volume of 395,879 shares, compared to its average volume of 627,165. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The firm's 50 day moving average price is $113.38 and its 200-day moving average price is $109.75. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24.
Federal Realty Investment Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 3.87%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 127.91%.
About Federal Realty Investment Trust
(
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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