Mutual of America Capital Management LLC Sells 151 Shares of Federal Realty Investment Trust (NYSE:FRT)

Mutual of America Capital Management LLC trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,263 shares of the real estate investment trust’s stock after selling 151 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Federal Realty Investment Trust were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Federal Realty Investment Trust by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock worth $31,567,000 after purchasing an additional 19,453 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of Federal Realty Investment Trust in the second quarter valued at about $5,865,000. Cetera Investment Advisers increased its position in shares of Federal Realty Investment Trust by 274.5% in the first quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 15,914 shares during the period. Principal Financial Group Inc. raised its stake in shares of Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth about $1,981,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FRT. Compass Point upped their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI raised their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday. Mizuho upped their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Truist Financial lifted their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

Insider Activity

In other news, CEO Donald C. Wood sold 30,292 shares of the business’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 transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The trade was a 82.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of FRT opened at $115.98 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a market cap of $9.62 billion, a P/E ratio of 33.72, a P/E/G ratio of 2.19 and a beta of 1.24. The business’s 50 day moving average price is $113.27 and its 200-day moving average price is $109.05. Federal Realty Investment Trust has a 52 week low of $91.62 and a 52 week high of $118.34.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared 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. This represents a $4.40 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 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.