Point72 Asia Singapore Pte. Ltd. Invests $522,000 in Federal Realty Investment Trust (NYSE:FRT)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Federal Realty Investment Trust (NYSE:FRT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,541 shares of the real estate investment trust's stock, valued at approximately $522,000.

A number of other institutional investors also recently modified their holdings of FRT. Westwood Holdings Group Inc. increased its holdings in Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock worth $64,868,000 after purchasing an additional 546,711 shares in the last quarter. FMR LLC grew its position in shares of Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock worth $65,856,000 after buying an additional 498,146 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Federal Realty Investment Trust by 456.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust's stock valued at $69,544,000 after acquiring an additional 496,129 shares in the last quarter. Millennium Management LLC lifted its position in shares of Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust's stock valued at $41,963,000 after acquiring an additional 312,726 shares during the period. Finally, Citigroup Inc. boosted its stake in Federal Realty Investment Trust by 65.7% during the third quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust's stock worth $27,598,000 after acquiring an additional 95,185 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FRT. Wells Fargo & Company upped their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Citigroup raised Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and upped their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Evercore ISI raised their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Scotiabank upped their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a research report on Monday, November 25th. Finally, Truist Financial lifted their price target 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of $123.38.

Federal Realty Investment Trust Stock Down 0.5 %

FRT stock traded down $0.55 during trading on Tuesday, reaching $113.70. The stock had a trading volume of 599,359 shares, compared to its average volume of 628,189. 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 company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 2.27 and a beta of 1.24. The company's 50 day moving average is $113.40 and its two-hundred day moving average is $109.72. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 3.87%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's payout ratio is 127.91%.

Insiders Place Their Bets

In related 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 value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

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.