Quantbot Technologies LP Acquires Shares of 5,552 Federal Realty Investment Trust (NYSE:FRT)

Quantbot Technologies LP acquired a new position in shares of 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 & Exchange Commission. The fund acquired 5,552 shares of the real estate investment trust's stock, valued at approximately $638,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Federal Realty Investment Trust by 4.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust's stock worth $201,355,000 after purchasing an additional 90,395 shares during the period. ProShare Advisors LLC lifted its position in shares of Federal Realty Investment Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust's stock worth $174,883,000 after buying an additional 36,880 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Federal Realty Investment Trust by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust's stock worth $143,473,000 after acquiring an additional 42,209 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust's stock valued at $115,000,000 after buying an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased 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 acquiring an additional 546,711 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock traded down $0.25 on Tuesday, hitting $114.00. The company had a trading volume of 186,324 shares, compared to its average volume of 626,321. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. 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 50-day moving average price of $113.43 and a 200-day moving average price of $109.64. The firm has a market cap of $9.46 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.

Wall Street Analyst Weigh In

FRT has been the subject of a number of analyst reports. Raymond James lifted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Mizuho lifted their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Compass Point increased their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Wells Fargo & Company boosted their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, Truist Financial upped their price objective 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. 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.38.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust 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 sale, the chief executive officer now owns 6,637 shares of the company's stock, valued at $771,020.29. The trade was a 82.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Federal Realty Investment Trust Company 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.