Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 77.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,521 shares of the real estate investment trust’s stock after selling 280,641 shares during the period. Federal Realty Investment Trust makes up 1.3% of Waterfront Capital Partners LLC’s portfolio, making the stock its 26th biggest position. Waterfront Capital Partners LLC owned 0.10% of Federal Realty Investment Trust worth $9,602,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. boosted its stake in Federal Realty Investment Trust by 81.7% during the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 107 shares during the last quarter. CWM LLC lifted its position in shares of Federal Realty Investment Trust by 10.9% in the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 110 shares during the last quarter. PFG Investments LLC lifted its position in shares of 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 worth $625,000 after buying an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of 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 buying an additional 143 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Federal Realty Investment Trust by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 167 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Performance

Shares of NYSE:FRT opened at $117.53 on Friday. Federal Realty Investment Trust has a twelve month low of $92.78 and a twelve month high of $118.34. The firm has a market cap of $9.75 billion, a PE ratio of 34.17, 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 quick ratio of 1.56 and a current ratio of 1.56. The business has a fifty day moving average of $113.36 and a 200-day moving average of $109.36.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.74%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the topic of several recent research reports. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Compass Point lifted their price objective on shares of 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. Finally, Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.38.

Insider Buying and Selling

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

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.