Prudent Man Advisors LLC Makes New $211,000 Investment in Federal Realty Investment Trust (NYSE:FRT)

Prudent Man Advisors LLC purchased a new stake in Federal Realty Investment Trust (NYSE:FRT) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,833 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. lifted its position in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $33,000. Blue Trust Inc. boosted its position in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Rothschild Investment LLC purchased a new position in Federal Realty Investment Trust during the 2nd quarter worth $42,000. Finally, Eastern Bank acquired a new position in Federal Realty Investment Trust during the 3rd quarter valued at about $52,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $112.53 on Tuesday. The firm has a market capitalization of $9.33 billion, a P/E ratio of 32.71, a PEG ratio of 2.14 and a beta of 1.24. The stock has a 50-day simple moving average of $113.58 and a two-hundred day simple moving average of $108.67. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a fifty-two week low of $90.84 and a fifty-two week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 6,637 shares in the company, valued at approximately $771,020.29. This trade represents a 82.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FRT has been the subject of several recent analyst reports. Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Piper Sandler lifted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Scotiabank cut their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company upped their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

Federal Realty Investment Trust 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.