Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 771.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 26,200 shares of the real estate investment trust's stock after acquiring an additional 23,195 shares during the period. Point72 Asset Management L.P.'s holdings in Federal Realty Investment Trust were worth $3,012,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. raised its position in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Family Firm Inc. acquired a new position in Federal Realty Investment Trust in the second quarter valued at $33,000. Blue Trust Inc. increased its position in Federal Realty Investment Trust by 885.7% in the 2nd 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. Brooklyn Investment Group purchased a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new position in shares of Federal Realty Investment Trust during the second quarter worth about $42,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. 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 report on Tuesday, November 12th. Mizuho increased 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. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and upped their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, Evercore ISI lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.38.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT traded down $1.37 on Tuesday, hitting $112.84. The company had a trading volume of 355,889 shares, compared to its average volume of 624,906. The company has a market cap of $9.36 billion, a PE ratio of 33.19, a PEG ratio of 2.17 and a beta of 1.24. The business has a 50 day moving average of $113.35 and a 200 day moving average of $110.10. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.

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 given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is presently 127.91%.

Federal Realty Investment Trust 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.