Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 20.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 141,541 shares of the real estate investment trust's stock after selling 36,363 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Federal Realty Investment Trust worth $16,273,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FRT. NBC Securities Inc. raised its position in 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 worth $27,000 after acquiring an additional 107 shares during the last quarter. Family Firm Inc. acquired a new position in Federal Realty Investment Trust during the second quarter worth about $33,000. Blue Trust Inc. raised its position in 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 worth $35,000 after acquiring an additional 310 shares during the last quarter. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust during the second quarter worth about $42,000. Finally, Eastern Bank acquired a new position in Federal Realty Investment Trust during the third quarter worth about $52,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank cut their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a "sector outperform" rating for the company in a research report on Friday, October 11th. Evercore ISI boosted their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Finally, Truist Financial boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.85.

Federal Realty Investment Trust Stock Down 0.9 %

Shares of NYSE FRT traded down $1.01 during trading on Monday, reaching $112.53. 673,202 shares of the stock were exchanged, compared to its average volume of 631,707. The business's 50-day moving average price is $113.58 and its 200 day moving average price is $108.67. Federal Realty Investment Trust has a twelve month low of $90.84 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 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 Dividend Announcement

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

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company's stock.

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.