Verition Fund Management LLC Has $8.63 Million Stake in Federal Realty Investment Trust (NYSE:FRT)

Verition Fund Management LLC trimmed its stake in Federal Realty Investment Trust (NYSE:FRT) by 12.1% during the third quarter, Holdings Channel reports. The fund owned 75,024 shares of the real estate investment trust’s stock after selling 10,317 shares during the quarter. Verition Fund Management LLC’s holdings in Federal Realty Investment Trust were worth $8,626,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRT. NBC Securities Inc. increased its stake in shares of 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 worth $27,000 after purchasing an additional 107 shares during the period. CWM LLC increased its position in 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 period. PFG Investments LLC lifted its holdings in shares of Federal Realty Investment Trust by 2.0% during the second 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 boosted its position in shares of Federal Realty Investment Trust by 2.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,301 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 143 shares during the period. Finally, Apollon Wealth Management LLC grew its stake 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 worth $359,000 after acquiring an additional 167 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction on 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 can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $116.65 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 firm has a market cap of $9.68 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. Federal Realty Investment Trust has a 12 month low of $94.24 and a 12 month high of $118.34. The company’s 50-day moving average price is $113.43 and its two-hundred day moving average price is $109.55.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.77%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of research reports. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $135.00 in a report on Friday, September 13th. JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Raymond James upped their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Evercore ISI lifted their price objective on 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, Truist Financial upped 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.