DekaBank Deutsche Girozentrale Sells 6,371 Shares of Federal Realty Investment Trust (NYSE:FRT)

DekaBank Deutsche Girozentrale lessened its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,491 shares of the real estate investment trust's stock after selling 6,371 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Federal Realty Investment Trust were worth $2,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Federal Realty Investment Trust by 133.3% in the 1st quarter. SG Americas Securities LLC now owns 45,035 shares of the real estate investment trust's stock worth $4,599,000 after acquiring an additional 25,730 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Federal Realty Investment Trust by 6.7% during 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 buying an additional 19,453 shares during the period. Vident Advisory LLC boosted its position in Federal Realty Investment Trust by 107.9% during the first quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust's stock valued at $4,749,000 after buying an additional 24,134 shares during the period. Entropy Technologies LP bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $602,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of Federal Realty Investment Trust in the second quarter worth approximately $5,865,000. Hedge funds and other institutional investors own 93.86% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FRT shares. Mizuho upped their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Truist Financial increased their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Raymond James upped their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company lifted their price objective on 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. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.77.

Insider Buying and Selling

In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Federal Realty Investment Trust Stock Down 0.4 %

Federal Realty Investment Trust stock traded down $0.41 on Friday, hitting $110.43. 571,432 shares of the stock traded hands, compared to its average volume of 619,876. Federal Realty Investment Trust has a 1 year low of $90.70 and a 1 year high of $118.34. The firm has a market cap of $9.16 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The business's fifty day simple moving average is $113.88 and its 200 day simple moving average is $107.72.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.14%. The business had revenue of $295.80 million for the quarter, compared to analysts' expectations of $293.61 million. During the same period last year, the business earned $1.67 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given 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 3.98%. Federal Realty Investment Trust's dividend payout ratio is currently 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.