Russell Investments Group Ltd. lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT – Get Rating) by 27.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,697 shares of the real estate investment trust’s stock after acquiring an additional 17,423 shares during the period. Russell Investments Group Ltd. owned 0.10% of Federal Realty Investment Trust worth $7,360,000 as of its most recent SEC filing.
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Other large investors have also modified their holdings of the company. Bank of Nova Scotia lifted its holdings in shares of Federal Realty Investment Trust by 192.1% during the 2nd quarter. Bank of Nova Scotia now owns 5,027 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 3,306 shares during the period. CWM LLC raised its holdings in Federal Realty Investment Trust by 145.9% in the second quarter. CWM LLC now owns 959 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 569 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Federal Realty Investment Trust by 39.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 129,575 shares of the real estate investment trust’s stock valued at $11,677,000 after buying an additional 36,458 shares during the period. Spire Wealth Management purchased a new position in Federal Realty Investment Trust in the second quarter valued at approximately $194,000. Finally, Prospera Financial Services Inc raised its holdings in Federal Realty Investment Trust by 153.8% in the third quarter. Prospera Financial Services Inc now owns 4,348 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 2,635 shares during the period. 86.20% of the stock is currently owned by hedge funds and other institutional investors.
Federal Realty Investment Trust Stock Up 1.4 %
FRT stock opened at $111.53 on Wednesday. Federal Realty Investment Trust has a twelve month low of $86.43 and a twelve month high of $128.13. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $9.06 billion, a P/E ratio of 23.68, a PEG ratio of 2.67 and a beta of 1.14. The firm has a 50 day simple moving average of $106.47 and a 200-day simple moving average of $102.72.
Federal Realty Investment Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Friday, December 30th. Federal Realty Investment Trust’s payout ratio is currently 91.72%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and cut their price target for the company from $118.00 to $115.00 in a report on Friday, December 16th. Piper Sandler lowered shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and cut their price target for the company from $115.00 to $112.00 in a report on Thursday, December 15th. Mizuho lowered their price objective on shares of Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating for the company in a research report on Friday, November 11th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Finally, Compass Point raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.53.
Federal Realty Investment Trust Profile
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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