Heitman Real Estate Securities LLC Has $1.25 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Heitman Real Estate Securities LLC trimmed its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,875 shares of the real estate investment trust’s stock after selling 760 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Federal Realty Investment Trust were worth $1,250,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRT. NBC Securities Inc. lifted its stake in 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 valued at $27,000 after purchasing an additional 107 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $33,000. Blue Trust Inc. grew its stake in Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 310 shares during the period. Brooklyn Investment Group acquired a new position in shares of Federal Realty Investment Trust during the third quarter worth approximately $36,000. Finally, Rothschild Investment LLC bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth $42,000. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Wells Fargo & Company raised their target price 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. Mizuho boosted their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Compass Point increased their target price 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, JPMorgan Chase & Co. boosted their price target 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.38.

Insider Buying and Selling at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust 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 filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Stock Down 2.1 %

NYSE:FRT opened at $114.25 on Tuesday. The company has a market cap 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. The stock has a fifty day simple moving average of $113.43 and a 200-day simple moving average of $109.64. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s payout ratio is 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.