Los Angeles Capital Management LLC Increases Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Los Angeles Capital Management LLC grew its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 1,244.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 29,137 shares of the real estate investment trust's stock after acquiring an additional 26,970 shares during the period. Los Angeles Capital Management LLC's holdings in Federal Realty Investment Trust were worth $3,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. lifted its holdings in shares of Federal Realty Investment Trust by 81.7% during the 3rd 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 period. CWM LLC lifted its holdings in shares of Federal Realty Investment Trust by 10.9% during the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 110 shares during the period. PFG Investments LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.0% during the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust's stock valued at $625,000 after buying an additional 124 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust's stock valued at $535,000 after buying an additional 143 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 9.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,289 shares of the real estate investment trust's stock valued at $263,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 93.86% of the company's stock.

Insider Buying and Selling at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business's stock in a transaction that occurred on 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 can be accessed through this hyperlink. In related 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 owns 6,637 shares of the company's stock, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FRT. Piper Sandler upped their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a "neutral" rating in a research note on Tuesday. Truist Financial upped their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Mizuho upped their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company increased their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT traded up $0.42 on Wednesday, hitting $114.07. 594,579 shares of the company were exchanged, compared to its average volume of 622,505. Federal Realty Investment Trust has a 1-year low of $90.84 and a 1-year high of $118.34. The stock's 50 day moving average price is $113.67 and its 200 day moving average price is $108.50. 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 capitalization of $9.46 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.86%. Federal Realty Investment Trust's payout ratio is 127.91%.

Federal Realty Investment Trust Company 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.