DekaBank Deutsche Girozentrale raised its holdings in Federal Realty Investment Trust (NYSE:FRT – Get Rating ) by 51.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,298 shares of the real estate investment trust’s stock after buying an additional 6,192 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Federal Realty Investment Trust were worth $1,603,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia boosted its position in shares of Federal Realty Investment Trust by 192.1% in the second quarter. Bank of Nova Scotia now owns 5,027 shares of the real estate investment trust’s stock valued at $481,000 after buying an additional 3,306 shares in the last quarter. CWM LLC boosted its position in Federal Realty Investment Trust by 145.9% in the second quarter. CWM LLC now owns 959 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 569 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Federal Realty Investment Trust by 39.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 129,575 shares of the real estate investment trust’s stock valued at $11,677,000 after buying an additional 36,458 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Federal Realty Investment Trust in the second quarter worth about $6,150,000. Finally, Spire Wealth Management acquired a new stake in Federal Realty Investment Trust in the second quarter worth about $194,000. 86.20% of the stock is owned by institutional investors and hedge funds.
Federal Realty Investment Trust Stock Performance
NYSE:FRT opened at $110.28 on Wednesday. Federal Realty Investment Trust has a 1 year low of $86.43 and a 1 year high of $128.64. The firm has a 50-day moving average of $106.20 and a 200-day moving average of $102.24. The company has a current ratio of 1.40, a quick ratio of 1.40, and a debt-to-equity ratio of 1.55. The stock has a market cap of $8.96 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.14.
Federal Real Estate Investment Trust announces dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were given a $1.08 dividend. This represents an annualized dividend of $4.32 and a dividend yield of 3.92%. The ex-dividend date of this dividend was Friday, December 30th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 91.72%.
Changes in analyst ratings
A number of research firms recently weighed in on FRT. Barclays upped their target price on Federal Realty Investment Trust from $114.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. Mizuho cut their target price on Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Evercore ISI reduced their target price on Federal Realty Investment Trust to $104.00 in a research report on Thursday, October 20th. Finally, Piper Sandler cut shares of Federal Realty Investment Trust from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $115.00 to $112.00 in a research note on Thursday, December 15th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Moderate Buy” and a consensus target price of $117.00, based on data from MarketBeat.
Federal Realty Investment Trust Company Profile
Federal Realty Investment Trust operates as a real estate capital investment trust. It owns, manages and redevelops retail and mixed-use properties. The company was founded in 1962 and is headquartered in North Bethesda, MD.
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