MQS Management LLC Has $1.09 Million Stock Position in Federal Realty Investment Trust (NYSE:FRT)

MQS Management LLC raised its position in Federal Realty Investment Trust (NYSE:FRT) by 15.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,480 shares of the real estate investment trust’s stock after purchasing an additional 1,245 shares during the period. Federal Realty Investment Trust makes up 0.6% of MQS Management LLC’s investment portfolio, making the stock its 10th biggest holding. MQS Management LLC’s holdings in Federal Realty Investment Trust were worth $1,090,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FRT. NBC Securities Inc. increased its stake in Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 107 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at about $33,000. Blue Trust Inc. raised its holdings in Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 310 shares in the last quarter. Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust during the second quarter valued at approximately $42,000. Finally, Eastern Bank bought a new position in Federal Realty Investment Trust in the third quarter valued at approximately $52,000. 93.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 30,292 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial raised 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 note on Wednesday, August 28th. Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Compass Point lifted their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.85.

Federal Realty Investment Trust Stock Down 1.1 %

FRT stock opened at $113.65 on Wednesday. Federal Realty Investment Trust has a fifty-two week low of $90.70 and a fifty-two week high of $118.34. 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 stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.17 and a beta of 1.24. The business’s fifty day moving average price is $113.68 and its two-hundred day moving average price is $108.46.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

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.