Walleye Capital LLC increased its stake in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 508.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,099 shares of the real estate investment trust's stock after acquiring an additional 11,781 shares during the quarter. Walleye Capital LLC's holdings in Federal Realty Investment Trust were worth $1,621,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. NBC Securities Inc. grew its holdings in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 107 shares in the last quarter. Family Firm Inc. acquired a new stake in Federal Realty Investment Trust during the second quarter worth about $33,000. Blue Trust Inc. raised its stake 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 purchasing an additional 310 shares during the period. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust in the 3rd quarter valued at about $36,000. Finally, Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust in the 2nd quarter valued at about $42,000. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.
Federal Realty Investment Trust Stock Performance
NYSE FRT traded down $0.57 on Thursday, reaching $113.19. The stock had a trading volume of 136,243 shares, compared to its average volume of 626,011. The stock has a market cap of $9.39 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The business's 50-day moving average price is $113.38 and its 200 day moving average price is $109.75. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 yield of 3.89%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust's dividend payout ratio is currently 127.91%.
Analysts Set New Price Targets
FRT has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Compass Point increased their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Scotiabank boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a "sector outperform" rating in a report on Monday, November 25th. Finally, Raymond James increased 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 research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has a consensus rating of "Moderate Buy" and an average price target of $123.38.
View Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust Company Profile
(
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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