UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 456.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 604,890 shares of the real estate investment trust's stock after acquiring an additional 496,129 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Federal Realty Investment Trust worth $69,544,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Federal Realty Investment Trust by 1.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,732 shares of the real estate investment trust's stock valued at $5,488,000 after purchasing an additional 850 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Federal Realty Investment Trust by 601.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 80,644 shares of the real estate investment trust's stock valued at $9,272,000 after buying an additional 69,144 shares in the last quarter. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust during the third quarter worth about $36,000. Quantbot Technologies LP purchased a new stake in Federal Realty Investment Trust in the 3rd quarter valued at approximately $638,000. Finally, FMR LLC lifted its position in shares of Federal Realty Investment Trust by 667.2% in the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock valued at $65,856,000 after acquiring an additional 498,146 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Federal Realty Investment Trust
In related news, CEO Donald C. Wood sold 5,937 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on FRT shares. Compass Point lifted their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Citigroup raised Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and increased their price target for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Mizuho upped their target price 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. Scotiabank increased their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a research report on Monday, November 25th. Finally, Raymond James lifted their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.38.
Get Our Latest Stock Report on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
FRT traded down $0.55 during trading on Tuesday, reaching $113.70. 599,359 shares of the company were exchanged, compared to its average volume of 628,189. The stock has a market cap of $9.43 billion, a P/E ratio of 33.05, a PEG ratio of 2.27 and a beta of 1.24. The firm has a 50 day moving average of $113.43 and a 200 day moving average of $109.64. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.
Federal Realty Investment Trust Announces Dividend
The firm also recently disclosed 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 of this dividend 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 is presently 127.91%.
Federal Realty Investment Trust Company Profile
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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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