State Street Corp Sells 30,306 Shares of Federal Realty Investment Trust (NYSE:FRT)

State Street Corp reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,112,938 shares of the real estate investment trust's stock after selling 30,306 shares during the period. State Street Corp owned approximately 7.37% of Federal Realty Investment Trust worth $702,804,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FRT. Tidal Investments LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth approximately $252,000. Cetera Investment Advisers raised its holdings in shares of Federal Realty Investment Trust by 274.5% in the first quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust's stock valued at $2,217,000 after purchasing an additional 15,914 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Federal Realty Investment Trust by 57.7% in the first quarter. Cetera Advisors LLC now owns 4,681 shares of the real estate investment trust's stock valued at $478,000 after purchasing an additional 1,713 shares during the last quarter. Czech National Bank raised its holdings in shares of Federal Realty Investment Trust by 10.1% in the second quarter. Czech National Bank now owns 14,226 shares of the real estate investment trust's stock valued at $1,436,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FRT has been the topic of a number of recent research reports. Truist Financial lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Evercore ISI boosted their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Raymond James boosted 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. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.38.

Federal Realty Investment Trust Stock Performance

FRT stock traded up $0.32 during midday trading on Monday, reaching $114.21. 681,132 shares of the company were exchanged, compared to its average volume of 626,072. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day moving average price of $113.37 and a two-hundred day moving average price of $109.99. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24.

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 given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. Federal Realty Investment Trust's 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.