Strategy Asset Managers LLC Increases Stake in Federal Realty Investment Trust (NYSE:FRT)

Strategy Asset Managers LLC raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 13.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,337 shares of the real estate investment trust’s stock after acquiring an additional 397 shares during the quarter. Strategy Asset Managers LLC’s holdings in Federal Realty Investment Trust were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Westwood Holdings Group Inc. lifted its holdings in Federal Realty Investment Trust by 571.1% during the second 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 in the last quarter. Millennium Management LLC grew its position in shares of Federal Realty Investment Trust by 304.0% during the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after purchasing an additional 312,726 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Federal Realty Investment Trust by 4.7% during the second 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 buying an additional 90,395 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of Federal Realty Investment Trust by 19.1% in the second quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust’s stock worth $43,422,000 after buying an additional 69,059 shares in the last quarter. Finally, Long Pond Capital LP bought a new position in shares of Federal Realty Investment Trust during the 1st quarter valued at about $6,127,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $113.13 on Thursday. The firm’s 50 day simple moving average is $113.36 and its 200-day simple moving average is $108.83. 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 one year low of $90.84 and a one year high of $118.34. The firm has a market cap of $9.38 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 3.89%. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. This represents a 82.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on FRT. JPMorgan Chase & Co. lifted their price objective on 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. Raymond James raised their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial boosted their price objective on shares of 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. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th. Finally, Evercore ISI upped their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

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.