Federal Realty Investment Trust (NYSE:FRT) Position Cut by Verition Fund Management LLC

Verition Fund Management LLC reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,024 shares of the real estate investment trust’s stock after selling 10,317 shares during the quarter. Verition Fund Management LLC owned 0.09% of Federal Realty Investment Trust worth $8,626,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FRT. Gateway Investment Advisers LLC bought a new position in shares of Federal Realty Investment Trust in the second quarter valued at approximately $5,865,000. Cetera Investment Advisers boosted its stake in Federal Realty Investment Trust by 274.5% during the 1st quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock valued at $2,217,000 after purchasing an additional 15,914 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after purchasing an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at $1,322,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth $1,981,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

FRT stock opened at $116.65 on Monday. The firm has a 50 day simple moving average of $113.43 and a 200 day simple moving average of $109.55. Federal Realty Investment Trust has a 52 week low of $94.24 and a 52 week high of $118.34. The stock has a market cap of $9.68 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.32 and a beta of 1.24. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Wall Street Analyst Weigh In

FRT has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Scotiabank raised their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Mizuho upped their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company raised their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average price target of $123.38.

Insider Transactions at Federal Realty Investment Trust

In related news, 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 value of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.