KBC Group NV Buys 204 Shares of Federal Realty Investment Trust (NYSE:FRT)

KBC Group NV grew its stake in Federal Realty Investment Trust (NYSE:FRT) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,929 shares of the real estate investment trust’s stock after buying an additional 204 shares during the period. KBC Group NV’s holdings in Federal Realty Investment Trust were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FRT. Vanguard Group Inc. raised its holdings in Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after purchasing an additional 193,740 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Federal Realty Investment Trust during the first quarter worth $231,000. Vident Advisory LLC lifted its holdings in Federal Realty Investment Trust by 107.9% in the first quarter. Vident Advisory LLC now owns 46,501 shares of the real estate investment trust’s stock valued at $4,749,000 after buying an additional 24,134 shares during the period. Westwood Holdings Group Inc. boosted its position in Federal Realty Investment Trust by 19.2% during the first quarter. Westwood Holdings Group Inc. now owns 95,735 shares of the real estate investment trust’s stock valued at $9,776,000 after acquiring an additional 15,389 shares during the last quarter. Finally, Long Pond Capital LP acquired a new stake in Federal Realty Investment Trust during the 1st quarter worth about $6,127,000. 93.86% of the stock is currently owned by institutional investors.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.6 %

Shares of NYSE FRT opened at $113.26 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company has a 50-day moving average price of $113.42 and a 200-day moving average price of $108.80. The stock has a market capitalization of $9.39 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a 1 year low of $90.84 and a 1 year high of $118.34.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.88%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 127.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FRT shares. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. 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. Evercore ISI lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Truist Financial boosted their target price 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. Finally, Mizuho raised their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

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.