Meridian Wealth Management LLC Acquires Shares of 11,500 Federal Realty Investment Trust (NYSE:FRT)

Meridian Wealth Management LLC purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,500 shares of the real estate investment trust's stock, valued at approximately $1,322,000.

A number of other large investors have also bought and sold shares of FRT. NBC Securities Inc. grew its holdings in shares of Federal Realty Investment Trust by 81.7% in the third 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 last quarter. Family Firm Inc. purchased a new position in shares of Federal Realty Investment Trust in the second quarter valued at about $33,000. Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 310 shares during the period. Rothschild Investment LLC bought a new position in shares of Federal Realty Investment Trust during the second quarter valued at about $42,000. Finally, Eastern Bank bought a new stake in shares of Federal Realty Investment Trust in the third quarter worth about $52,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock traded up $0.46 on Friday, hitting $114.86. 511,632 shares of the company's stock were exchanged, compared to its average volume of 748,254. Federal Realty Investment Trust has a 1 year low of $91.40 and a 1 year high of $118.34. The company has a 50-day simple moving average of $113.27 and a 200-day simple moving average of $108.96. 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 stock has a market capitalization of $9.53 billion, a PE ratio of 33.39, a PEG ratio of 2.18 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid 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 3.83%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 127.91%.

Insider Activity

In related news, 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 transaction of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Piper Sandler increased their price objective on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Citigroup raised Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Truist Financial boosted their price objective on shares of 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. Mizuho raised their target price 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. Finally, Raymond James lifted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $122.85.

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.