Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,877 shares of the real estate investment trust’s stock after acquiring an additional 2,256 shares during the period. Edgestream Partners L.P.’s holdings in Federal Realty Investment Trust were worth $2,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FRT. Tidal Investments LLC acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at approximately $252,000. Cetera Investment Advisers raised its holdings in Federal Realty Investment Trust by 274.5% in the first quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 15,914 shares in the last quarter. Cetera Advisors LLC boosted its stake in Federal Realty Investment Trust by 57.7% during the 1st quarter. Cetera Advisors LLC now owns 4,681 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 1,713 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth about $196,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Federal Realty Investment Trust by 86.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 542 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 252 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FRT shares. Truist Financial boosted their price objective on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company upped their price target on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $135.00 in a report on Friday, September 13th. Evercore ISI increased their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Mizuho increased their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.38.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $114.25 on Tuesday. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The stock’s fifty day moving average is $113.43 and its 200-day moving average is $109.64. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 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.