American International Group Inc. Sells 152 Shares of Federal Realty Investment Trust (NYSE:FRT)

American International Group Inc. decreased its holdings in Federal Realty Investment Trust (NYSE:FRT) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,325 shares of the real estate investment trust’s stock after selling 152 shares during the quarter. American International Group Inc.’s holdings in Federal Realty Investment Trust were worth $1,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Garde Capital Inc. bought a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $166,000. Quarry LP bought a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $50,000. Heitman Real Estate Securities LLC increased its stake in shares of Federal Realty Investment Trust by 1,553.3% during the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after purchasing an additional 195,137 shares during the period. Bridgefront Capital LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $644,000. Finally, Point72 Europe London LLP bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $1,842,000. Institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

FRT has been the topic of a number of recent research reports. Truist Financial lowered their target price on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Scotiabank increased their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Evercore ISI lowered their target price on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Finally, Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Federal Realty Investment Trust Trading Down 1.8 %

Shares of FRT stock opened at $99.30 on Wednesday. The stock’s fifty day moving average price is $101.19 and its two-hundred day moving average price is $101.34. The company has a market cap of $8.24 billion, a PE ratio of 35.34, a P/E/G ratio of 2.00 and a beta of 1.21. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $107.61. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be issued a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is presently 155.16%.

About Federal Realty Investment Trust

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.