Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 1.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 116,706 shares of the real estate investment trust’s stock after selling 1,538 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Federal Realty Investment Trust were worth $13,418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FRT. Creative Financial Designs Inc. ADV increased its holdings in shares of Federal Realty Investment Trust by 7.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,240 shares of the real estate investment trust’s stock valued at $717,000 after purchasing an additional 426 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Federal Realty Investment Trust by 9.5% in the 3rd quarter. New York State Teachers Retirement System now owns 79,894 shares of the real estate investment trust’s stock valued at $9,185,000 after buying an additional 6,962 shares in the last quarter. Trajan Wealth LLC acquired a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth $207,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Federal Realty Investment Trust by 29.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,114 shares of the real estate investment trust’s stock worth $1,614,000 after acquiring an additional 3,178 shares during the period. Finally, Lecap Asset Management Ltd. boosted its position in shares of Federal Realty Investment Trust by 74.7% during the 3rd quarter. Lecap Asset Management Ltd. now owns 21,195 shares of the real estate investment trust’s stock valued at $2,437,000 after acquiring an additional 9,060 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust Stock Down 0.5 %

Shares of FRT opened at $113.12 on Thursday. The company’s 50-day simple moving average is $113.73 and its 200-day simple moving average is $108.09. 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 has a 1 year low of $90.70 and a 1 year high of $118.34. The stock has a market capitalization of $9.38 billion, a PE ratio of 32.88, a P/E/G ratio of 2.11 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

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 issued 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 yield of 3.89%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 11th. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Mizuho increased their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Finally, Piper Sandler increased their price target on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.77.

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.