Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 80.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,466 shares of the real estate investment trust’s stock after buying an additional 1,997 shares during the quarter. KCM Investment Advisors LLC’s holdings in Federal Realty Investment Trust were worth $513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FRT. Westwood Holdings Group Inc. raised its stake in shares of Federal Realty Investment Trust by 571.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust’s stock worth $64,868,000 after buying an additional 546,711 shares during the last quarter. Millennium Management LLC raised its stake in shares of Federal Realty Investment Trust by 304.0% during the 2nd quarter. Millennium Management LLC now owns 415,603 shares of the real estate investment trust’s stock worth $41,963,000 after buying an additional 312,726 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after buying an additional 193,740 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of 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 buying an additional 90,395 shares during the last quarter. Finally, Vest Financial LLC raised its stake in Federal Realty Investment Trust by 19.1% in the 2nd quarter. Vest Financial LLC now owns 430,051 shares of the real estate investment trust’s stock valued at $43,422,000 after purchasing an additional 69,059 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.1 %

FRT opened at $113.54 on Friday. The firm has a 50 day moving average price of $113.58 and a 200 day moving average price of $108.61. The company has a market cap of $9.42 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a 1 year low of $90.84 and a 1 year high of $118.34. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Insider Buying and Selling

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 transaction of $691,482.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James boosted their target price 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. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler boosted their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.85.

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.