Nordea Investment Management AB Purchases 29,894 Shares of Federal Realty Investment Trust (NYSE:FRT)

Nordea Investment Management AB boosted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,773 shares of the real estate investment trust’s stock after purchasing an additional 29,894 shares during the period. Nordea Investment Management AB’s holdings in Federal Realty Investment Trust were worth $15,896,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock valued at $561,743,000 after buying an additional 168,885 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after acquiring an additional 90,395 shares during the period. Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock valued at $224,565,000 after acquiring an additional 7,160 shares during the last quarter. ProShare Advisors LLC increased its stake in Federal Realty Investment Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust’s stock worth $174,883,000 after purchasing an additional 36,880 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Federal Realty Investment Trust by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock worth $143,473,000 after purchasing an additional 42,209 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Down 0.4 %

Shares of Federal Realty Investment Trust stock opened at $104.52 on Thursday. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The firm’s 50 day moving average price is $112.92 and its 200-day moving average price is $111.73. 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 company has a market cap of $8.67 billion, a P/E ratio of 30.38, a PEG ratio of 2.17 and a beta of 1.25.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Scotiabank increased their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI lifted their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.62.

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.