Federal Realty Investment Trust (NYSE:FRT) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. cut its position in Federal Realty Investment Trust (NYSE:FRT) by 9.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,966 shares of the real estate investment trust’s stock after selling 210 shares during the period. iA Global Asset Management Inc.’s holdings in Federal Realty Investment Trust were worth $226,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FRT. Principal Financial Group Inc. boosted its stake in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after purchasing an additional 7,501 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in Federal Realty Investment Trust during the third quarter worth about $1,322,000. Edgestream Partners L.P. purchased a new stake in Federal Realty Investment Trust during the 2nd quarter valued at about $1,981,000. Benjamin F. Edwards & Company Inc. raised its holdings in Federal Realty Investment Trust by 2,190.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 4,928 shares during the last quarter. Finally, Lecap Asset Management Ltd. lifted its stake in Federal Realty Investment Trust by 74.7% in the 3rd quarter. Lecap Asset Management Ltd. now owns 21,195 shares of the real estate investment trust’s stock worth $2,437,000 after purchasing an additional 9,060 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of analyst reports. Truist Financial upped their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Wells Fargo & Company raised their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a research report on Friday, September 13th. Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Raymond James boosted their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.38.

Federal Realty Investment Trust Stock Down 1.2 %

Federal Realty Investment Trust stock opened at $112.79 on Wednesday. The company has a market capitalization of $9.36 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. 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 $95.97 and a fifty-two week high of $118.34. The firm has a 50 day moving average price of $113.34 and a 200 day moving average price of $110.20.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.90%. Federal Realty Investment Trust’s payout ratio is presently 127.91%.

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.