Heitman Real Estate Securities LLC Lowers Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Heitman Real Estate Securities LLC decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 6.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,875 shares of the real estate investment trust’s stock after selling 760 shares during the period. Heitman Real Estate Securities LLC’s holdings in Federal Realty Investment Trust were worth $1,250,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. NBC Securities Inc. grew its holdings in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares during the period. CWM LLC grew its stake in Federal Realty Investment Trust by 10.9% during the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 110 shares in the last quarter. PFG Investments LLC raised its holdings in Federal Realty Investment Trust by 2.0% in the 2nd quarter. PFG Investments LLC now owns 6,185 shares of the real estate investment trust’s stock valued at $625,000 after acquiring an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Federal Realty Investment Trust by 2.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock worth $535,000 after purchasing an additional 143 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of Federal Realty Investment Trust by 5.6% in the third quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FRT shares. JPMorgan Chase & Co. raised 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. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Compass Point lifted their target price on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Scotiabank lifted their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Finally, Raymond James increased their price target on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.38.

Insider Transactions at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $114.25 on Tuesday. 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 stock has a market capitalization of $9.48 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.32 and a beta of 1.24. The firm’s 50-day moving average is $113.43 and its two-hundred day moving average is $109.64. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 127.91%.

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.