Y Intercept Hong Kong Ltd Buys 20,924 Shares of Federal Realty Investment Trust (NYSE:FRT)

Y Intercept Hong Kong Ltd lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 201.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,287 shares of the real estate investment trust's stock after buying an additional 20,924 shares during the period. Y Intercept Hong Kong Ltd's holdings in Federal Realty Investment Trust were worth $3,597,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. grew its stake in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 107 shares in the last quarter. Family Firm Inc. bought a new position in shares of Federal Realty Investment Trust in the second quarter valued at $33,000. Blue Trust Inc. grew its stake 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 buying an additional 310 shares in the last quarter. Brooklyn Investment Group acquired a new position in Federal Realty Investment Trust during the third quarter worth $36,000. Finally, Rothschild Investment LLC bought a new stake in Federal Realty Investment Trust during the second quarter worth $42,000. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock traded up $0.28 during trading on Monday, reaching $114.17. The company's stock had a trading volume of 681,132 shares, compared to its average volume of 626,072. 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 business's 50-day moving average price is $113.35 and its 200-day moving average price is $110.10. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34. The firm has a market cap of $9.47 billion, a PE ratio of 33.19, a P/E/G ratio of 2.17 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.85%. Federal Realty Investment Trust's payout ratio is presently 127.91%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FRT. Compass Point boosted their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Citigroup raised Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. JPMorgan Chase & Co. raised 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. Mizuho lifted their target price on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, Raymond James increased their price target 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.38.

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.