Fmr LLC Has $65.86 Million Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Fmr LLC raised its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 667.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 572,809 shares of the real estate investment trust’s stock after purchasing an additional 498,146 shares during the quarter. Fmr LLC’s holdings in Federal Realty Investment Trust were worth $65,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FRT. The Manufacturers Life Insurance Company lifted its position in shares of Federal Realty Investment Trust by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock worth $5,579,000 after buying an additional 2,383 shares during the period. Bank of Montreal Can lifted its holdings in shares of Federal Realty Investment Trust by 0.6% during the third quarter. Bank of Montreal Can now owns 184,297 shares of the real estate investment trust’s stock valued at $21,080,000 after acquiring an additional 1,039 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 8.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 32,616 shares of the real estate investment trust’s stock valued at $3,750,000 after purchasing an additional 2,481 shares in the last quarter. Algert Global LLC grew its holdings in shares of Federal Realty Investment Trust by 72.1% in the 3rd quarter. Algert Global LLC now owns 44,828 shares of the real estate investment trust’s stock worth $5,154,000 after purchasing an additional 18,780 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Federal Realty Investment Trust by 47.0% during the 3rd quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 1,401 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.3 %

FRT opened at $113.90 on Friday. The firm has a 50 day simple moving average of $113.37 and a 200 day simple moving average of $109.86. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 127.91%.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the 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 SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FRT has been the topic of several research analyst reports. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $135.00 in a research note on Friday, September 13th. Compass Point lifted their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. 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. Finally, Evercore ISI increased their price objective on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.