Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,226 shares of the real estate investment trust’s stock after selling 537 shares during the quarter. Captrust Financial Advisors’ holdings in Federal Realty Investment Trust were worth $256,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. NBC Securities Inc. lifted its holdings in shares of Federal Realty Investment Trust by 81.7% in the 3rd quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 107 shares during the last quarter. CWM LLC lifted its holdings 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 purchasing an additional 110 shares during the last quarter. PFG Investments LLC lifted its holdings 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 purchasing an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings 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 purchasing an additional 143 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Federal Realty Investment Trust by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,123 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $114.25 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.14 and a beta of 1.24. The stock’s fifty day simple moving average is $113.46 and its 200 day simple moving average is $110.53. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued 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 is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the topic of several recent analyst reports. Truist Financial lifted their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Scotiabank lifted their target price 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. Wells Fargo & Company lifted their target price on 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. Finally, 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 note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.38.

Federal Realty Investment Trust Company 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.