Handelsbanken Fonder AB lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT – Free Report) by 55.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,200 shares of the real estate investment trust’s stock after acquiring an additional 8,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Federal Realty Investment Trust were worth $2,782,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. PFG Investments LLC boosted its position in Federal Realty Investment Trust by 2.0% during the second quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock worth $625,000 after purchasing an additional 124 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Federal Realty Investment Trust by 7.6% during the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Federal Realty Investment Trust by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 143 shares during the last quarter. Cetera Investment Advisers raised its holdings in Federal Realty Investment Trust by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock valued at $2,216,000 after acquiring an additional 241 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Federal Realty Investment Trust by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 46,497 shares of the real estate investment trust’s stock worth $4,747,000 after acquiring an additional 244 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.
Federal Realty Investment Trust Stock Up 1.8 %
Shares of FRT opened at $111.61 on Thursday. The firm has a 50 day simple moving average of $113.87 and a two-hundred day simple moving average of $106.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. Federal Realty Investment Trust has a one year low of $85.59 and a one year high of $118.34. The company has a market cap of $9.26 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.16 and a beta of 1.23.
Federal Realty Investment Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.94%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 156.58%.
Insider Activity at Federal Realty Investment Trust
In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Donald C. Wood sold 30,292 shares of Federal Realty Investment Trust 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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. 1.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently commented on FRT. Scotiabank upped their target price on Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Truist Financial upped their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Raymond James lifted their target price on Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Compass Point upped their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler raised their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.
Get Our Latest Stock Report on Federal Realty Investment Trust
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.
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