Rockefeller Capital Management L.P. boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,899 shares of the real estate investment trust’s stock after purchasing an additional 1,236 shares during the period. Rockefeller Capital Management L.P.’s holdings in Federal Realty Investment Trust were worth $1,522,000 at the end of the most recent reporting period.
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Several other large investors also recently bought and sold shares of FRT. Daiwa Securities Group Inc. lifted its stake in Federal Realty Investment Trust by 2.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 21,449 shares of the real estate investment trust’s stock valued at $1,933,000 after acquiring an additional 486 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Federal Realty Investment Trust by 51.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,298 shares of the real estate investment trust’s stock valued at $1,603,000 after acquiring an additional 6,192 shares during the period. Hartford Investment Management Co. lifted its stake in Federal Realty Investment Trust by 2.2% during the 3rd quarter. Hartford Investment Management Co. now owns 7,003 shares of the real estate investment trust’s stock valued at $631,000 after acquiring an additional 153 shares during the period. PGGM Investments acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $1,154,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Federal Realty Investment Trust by 13.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 94,800 shares of the real estate investment trust’s stock valued at $8,543,000 after purchasing an additional 11,180 shares during the period. Hedge funds and other institutional investors own 86.20% of the company’s stock.
Federal Realty Investment Trust Price Performance
Federal Realty Investment Trust stock opened at $110.25 on Friday. Federal Realty Investment Trust has a 52-week low of $86.43 and a 52-week high of $128.13. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.64 and a beta of 1.14. The company has a fifty day simple moving average of $106.34 and a 200-day simple moving average of $102.35. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.55.
Federal Realty Investment Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, December 30th. Federal Realty Investment Trust’s payout ratio is 91.72%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Federal Realty Investment Trust from $114.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, December 6th. JPMorgan Chase & Co. cut shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $118.00 to $115.00 in a research note on Friday, December 16th. Raymond James decreased their target price on shares of Federal Realty Investment Trust from $130.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 4th. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust to $104.00 in a research note on Thursday, October 20th. Finally, StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average price target of $117.00.
About Federal Realty Investment Trust
Federal Realty Investment Trust operates as an equity real estate investment trust. It owns, manages, and re-develops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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