Point72 DIFC Ltd grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 181.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,962 shares of the real estate investment trust's stock after purchasing an additional 13,518 shares during the quarter. Point72 DIFC Ltd's holdings in Federal Realty Investment Trust were worth $2,410,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. raised its holdings in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust during the second quarter valued at approximately $33,000. Blue Trust Inc. raised its holdings in shares of Federal Realty Investment Trust by 885.7% during 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 in the last quarter. Brooklyn Investment Group bought a new position in shares of Federal Realty Investment Trust during the third quarter valued at approximately $36,000. Finally, Rothschild Investment LLC bought a new position in Federal Realty Investment Trust in the second quarter worth $42,000. Hedge funds and other institutional investors own 93.86% of the company's stock.
Federal Realty Investment Trust Stock Down 0.1 %
Shares of NYSE:FRT traded down $0.16 on Thursday, hitting $113.60. 395,879 shares of the company traded hands, compared to its average volume of 627,165. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a market cap of $9.42 billion, a PE ratio of 33.02, a PEG ratio of 2.26 and a beta of 1.24. The stock has a 50 day simple moving average of $113.38 and a 200-day simple moving average of $109.77.
Federal Realty Investment Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a dividend yield of 3.87%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 127.91%.
Insider Activity at Federal Realty Investment Trust
In related 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 transaction of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased 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. Wells Fargo & Company increased their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Truist Financial increased their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Evercore ISI increased their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, Compass Point increased their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $123.38.
Check Out Our Latest Report on FRT
Federal Realty Investment Trust Profile
(
Free Report)
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.
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