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Wellington Management Group LLP Buys Shares of 230,910 Federal Realty Investment Trust (NYSE:FRT)

Federal Realty Investment Trust logo with Finance background

Wellington Management Group LLP purchased a new position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 230,910 shares of the real estate investment trust's stock, valued at approximately $26,548,000. Wellington Management Group LLP owned about 0.28% of Federal Realty Investment Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in Federal Realty Investment Trust by 1,463.8% during the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust's stock valued at $70,251,000 after buying an additional 572,008 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Federal Realty Investment Trust by 571.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock worth $64,868,000 after buying an additional 546,711 shares in the last quarter. FMR LLC grew its stake in Federal Realty Investment Trust by 667.2% during the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust's stock valued at $65,856,000 after purchasing an additional 498,146 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust's stock worth $69,544,000 after buying an additional 496,129 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Federal Realty Investment Trust by 304.0% in the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust's stock valued at $41,963,000 after purchasing an additional 312,726 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FRT shares. Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Raymond James lifted their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Citigroup upgraded 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 report on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Finally, Truist Financial raised their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.38.

Check Out Our Latest Research Report on FRT

Federal Realty Investment Trust Trading Up 0.6 %

Shares of NYSE:FRT traded up $0.69 during midday trading on Friday, reaching $114.17. The company had a trading volume of 208,993 shares, compared to its average volume of 623,096. The company has a fifty day simple moving average of $113.40 and a two-hundred day simple moving average of $110.24. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. Federal Realty Investment Trust has a 1-year low of $95.97 and a 1-year high of $118.34. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 annualized dividend and a dividend yield of 3.85%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 127.91%.

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.

Further Reading

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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