Massachusetts Financial Services Co. MA Sells 33,894 Shares of Federal Realty Investment Trust (NYSE:FRT)

Massachusetts Financial Services Co. MA decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,960,315 shares of the real estate investment trust's stock after selling 33,894 shares during the period. Massachusetts Financial Services Co. MA owned 2.36% of Federal Realty Investment Trust worth $225,377,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $231,000. Price T Rowe Associates Inc. MD boosted its position in shares of Federal Realty Investment Trust by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust's stock valued at $31,567,000 after acquiring an additional 19,453 shares during the period. Kinloch Capital LLC grew its stake in shares of Federal Realty Investment Trust by 23.4% in the first quarter. Kinloch Capital LLC now owns 33,847 shares of the real estate investment trust's stock worth $3,456,000 after acquiring an additional 6,410 shares during the last quarter. Tidal Investments LLC bought a new position in Federal Realty Investment Trust during the first quarter worth $252,000. Finally, iA Global Asset Management Inc. increased its position in Federal Realty Investment Trust by 19.5% during the first quarter. iA Global Asset Management Inc. now owns 2,221 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 362 shares during the period. 93.86% of the stock is currently owned by institutional investors.

Insider Activity at Federal Realty Investment Trust

In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th. Piper Sandler boosted their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Evercore ISI raised their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Truist Financial boosted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. Finally, Scotiabank reduced their target price 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and a consensus target price of $122.85.

Federal Realty Investment Trust Trading Up 0.4 %

FRT stock traded up $0.46 during midday trading on Friday, reaching $114.86. The stock had a trading volume of 511,632 shares, compared to its average volume of 748,254. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.18 and a beta of 1.24. Federal Realty Investment Trust has a twelve month low of $91.40 and a twelve month high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $113.27 and a two-hundred day simple moving average of $108.96.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio (DPR) is 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.