Heritage Investors Management Corp Sells 160 Shares of Federal Realty Investment Trust (NYSE:FRT)

Heritage Investors Management Corp lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,874 shares of the real estate investment trust’s stock after selling 160 shares during the period. Heritage Investors Management Corp’s holdings in Federal Realty Investment Trust were worth $215,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after purchasing an additional 546,711 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after purchasing an additional 312,726 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock valued at $1,300,101,000 after purchasing an additional 193,740 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in shares of Federal Realty Investment Trust by 311.0% during the 1st quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock valued at $21,663,000 after purchasing an additional 160,519 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock valued at $201,355,000 after purchasing an additional 90,395 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analyst Ratings Changes

FRT has been the subject of several research reports. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. Mizuho increased their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wells Fargo & Company increased their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Evercore ISI upped their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Raymond James upped 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 research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

Insider Activity

In other news, CEO Donald C. Wood sold 5,937 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value 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 $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s 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 disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $113.73 on Wednesday. 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 company has a market capitalization of $9.43 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.09 and a beta of 1.24. The company’s 50-day simple moving average is $113.77 and its two-hundred day simple moving average is $108.06. Federal Realty Investment Trust has a one year low of $90.70 and a one year high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The firm 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 dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.87%. Federal Realty Investment Trust’s dividend payout ratio is presently 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.