Algert Global LLC Increases Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Algert Global LLC grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 72.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,828 shares of the real estate investment trust’s stock after buying an additional 18,780 shares during the period. Algert Global LLC owned 0.05% of Federal Realty Investment Trust worth $5,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NBC Securities Inc. boosted its stake in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 107 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its stake in shares of Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares during the last quarter. Rothschild Investment LLC bought a new position in Federal Realty Investment Trust during the 2nd quarter valued at approximately $42,000. Finally, Eastern Bank bought a new position in Federal Realty Investment Trust during the 3rd quarter valued at approximately $52,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 0.4 %

Shares of FRT stock opened at $114.86 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.18 and a beta of 1.24. Federal Realty Investment Trust has a 1 year low of $91.40 and a 1 year high of $118.34. The firm has a fifty day moving average price of $113.27 and a 200-day moving average price of $109.05.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Analysts Set New Price Targets

A number of research firms have recently commented on FRT. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th. Piper Sandler upped their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Compass Point increased 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 report on Tuesday, September 10th. Finally, Truist Financial boosted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

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.