Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 601.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,644 shares of the real estate investment trust’s stock after acquiring an additional 69,144 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.10% of Federal Realty Investment Trust worth $9,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. boosted its stake in shares of Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock valued at $64,868,000 after purchasing an additional 546,711 shares during the period. FMR LLC raised its stake in shares of Federal Realty Investment Trust by 667.2% in the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after acquiring an additional 498,146 shares in the last quarter. Millennium Management LLC boosted its holdings in Federal Realty Investment Trust by 304.0% in the second quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock valued at $41,963,000 after purchasing an additional 312,726 shares during the period. Citigroup Inc. grew its stake in Federal Realty Investment Trust by 65.7% during the 3rd quarter. Citigroup Inc. now owns 240,048 shares of the real estate investment trust’s stock worth $27,598,000 after purchasing an additional 95,185 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust’s stock worth $201,355,000 after purchasing an additional 90,395 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Federal Realty Investment Trust 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 transaction of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on FRT shares. Raymond James boosted their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Evercore ISI increased their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their price objective 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. Finally, Truist Financial upped 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 report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.38.

Federal Realty Investment Trust Stock Performance

NYSE:FRT opened at $116.72 on Friday. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. Federal Realty Investment Trust has a 1-year low of $94.24 and a 1-year high of $118.34. The firm’s fifty day moving average price is $113.43 and its 200 day moving average price is $109.46.

Federal Realty Investment Trust Dividend Announcement

The company 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 dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.77%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

Federal Realty Investment Trust Profile

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.