Principal Financial Group Inc. Has $10.73 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Principal Financial Group Inc. raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 8.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,306 shares of the real estate investment trust's stock after purchasing an additional 7,501 shares during the period. Principal Financial Group Inc. owned 0.11% of Federal Realty Investment Trust worth $10,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FRT. Westwood Holdings Group Inc. lifted its stake 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 valued at $64,868,000 after buying an additional 546,711 shares during the period. Millennium Management LLC raised its position in shares of Federal Realty Investment Trust by 304.0% in 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. Vanguard Group Inc. boosted its stake in Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust's stock worth $1,300,101,000 after acquiring an additional 193,740 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Federal Realty Investment Trust by 4.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust's stock valued at $201,355,000 after purchasing an additional 90,395 shares during the period. Finally, Vest Financial LLC increased its stake in Federal Realty Investment Trust by 19.1% in the second quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust's stock valued at $43,422,000 after purchasing an additional 69,059 shares in the last quarter. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Down 0.9 %

Federal Realty Investment Trust stock traded down $1.01 during mid-day trading on Monday, reaching $112.53. The company's stock had a trading volume of 673,202 shares, compared to its average volume of 631,611. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a 12 month low of $90.84 and a 12 month high of $118.34. The business's 50 day simple moving average is $113.58 and its 200 day simple moving average is $108.67. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The business 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 dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the subject of several research analyst reports. Citigroup raised shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and boosted their price target for the company from $120.00 to $135.00 in a report on Friday, September 13th. Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Evercore ISI lifted their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Mizuho increased their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, Scotiabank cut their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating on the stock in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.85.

Insider Activity

In related news, CEO Donald C. Wood sold 30,292 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This trade represents a 82.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

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.