Securian Asset Management Inc. increased its shareholding in Federal Realty Investment Trust (NYSE: FRT – Get Rating) by 79.6% in the third quarter, according to a recent disclosure to the Securities and Exchange Commission. The fund owned his 5,940 shares of real estate investment trust stock after he purchased an additional 2,633 shares during the quarter. Securian Asset Management Inc.’s Federal Realty Investment Trust holdings were valued at $535,000 as of the latest filing with the SEC.
Several other hedge funds have also changed positions in the business. US Bancorp DE increased his position in Federal Realty Investment Trust shares by 19.3% in the third quarter. US Bancorp DE now owns 5,441 real estate investment trust shares worth $490,000 after purchasing an additional 880 shares during this period. Prospera Financial Services Inc increased its position in Federal Realty Investment Trust shares by 153.8% in the third quarter. Prospera Financial Services Inc now owns 4,348 real estate investment trust shares valued at $392,000 after purchasing an additional 2,635 shares during this period. Robeco Institutional Asset Management BV increased its position in Federal Realty Investment Trust shares by 15.3% in the third quarter. After purchasing an additional 11,957 shares during this period, Robeco Institutional Asset Management BV now owns 90,000 real estate investment trust shares valued at $8,111,000. Strs Ohio increased its position in Federal Realty Investment Trust shares by 7.7% in the third quarter. Strs Ohio now owns 103,695 real estate investment trust shares worth $9,344,000 after purchasing an additional 7,379 shares during this period. Finally, Allspring Global Investments Holdings LLC increased its stake in Federal Realty Investment Trust by 1.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,826 real estate investment trust shares valued at $975,000 after purchasing an additional 119 shares during this period. Institutional investors and hedge funds own 86.20% of the company’s shares.
Federal real estate investment trust shares up 2.4%
NYSE:FRT shares opened Friday at $109.59. 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 company has a 50-day simple moving average of $105.60 and a 200-day simple moving average of $101.53. The company has a market capitalization of $8.9 billion, a PE ratio of 23.27, a price/earnings ratio of 2.50, and a beta of 1.14. The Federal Realty Investment Trust hit a 12-month low of $86.43 and a 12-month high of $137.17.
Federal Real Estate Investment Trust Announces Dividend
The business recently announced a quarterly dividend payable on Tuesday, January 17th. Investors who register on Tuesday, January 3rd will receive a dividend of $1.08. The ex-dividend date for this dividend is Friday, December 30. This represents his $4.32 dividend and his 3.94% dividend yield on an annual basis. Federal Realty Investment Trust’s Dividend Payout Ratio (DPR) is currently 91.72%.
Analyst Rating Change
Several research firms have recently published reports on FRT. Raymond James lowered Federal Realty Investment Trust’s stock price target from his $130.00 to his $120.00 in a research report on Wednesday, Jan. 4, giving the company a “strong buy” rating. JPMorgan Chase & Co. lowered its rating on Federal Realty Investment Trust from ‘overweight’ to ‘neutral’ with a stock price target of $118.00 to $115.00 in a research report on Friday, December 16. lowered to StockNews.com upgraded Federal Realty Investment Trust shares from a “sold” rating to a “hold” rating in a research report on Tuesday. Piper Sandler downgraded Federal Realty Investment Trust shares from an ‘overweight’ rating to a ‘neutral’ rating and the company’s price target from $115.00 to $112.00 in a research note on Thursday, Dec. 15. I pulled it down. Finally, Evercore ISI lowered its Federal Realty Investment Trust share price target to his $104.00 in a research note on Thursday, Oct. 20. Eight research analysts rated the stock as Hold, five Buy, and one Strong Buy. According to MarketBeat.com, the company’s current consensus rating is “moderate buy” with a consensus target price of $117.00.
Overview of the Federal Real Estate Investment Trust
(get rating)
Federal Realty is a recognized leader in owning, operating and redeveloping high quality retail properties located primarily in major coastal markets from Washington, DC to Boston, San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth by investing in communities where retail demand exceeds supply.
Recommended stories
Want to know other hedge funds holding FRT? Visit HoldingsChannel.com to get the latest Federal Realty Investment Trust (NYSE:FRT – Get Rating) 13F filings and insider trading.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.
Hear this before you consider federal real estate investment trusts.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market catches on…and the Federal Realty Investment Trust is on the list. There was not.
Federal Realty Investment Trust is currently rated ‘Moderate Buy’ among analysts, but top-rated analysts think these five stocks are better buys .
See 5 stocks here